“This deal is in line with our development strategy for the coming years, based on intense M&A activity,” says Voicu Oprean, founder and CEO of AROBS.
In the wake of the deal, AROBS will expand the software services unit by integrating over 60 programmers, testers and software development consultants.
The company’s officials say that to complete the deal they will use part of the capital raised from BVB investors during the private placement carried out in October 2021, as well as banking funding.
Nordlogic was founded in 2006, in Cluj-Napoca, by entrepreneurs Andrei Olariu and Ovidiu Codreanu. It operates in various industries.
In 2021, Nordlogic posted consolidated revenues of around RON9.7 million.
“For us, AROBS has been a natural partner when considering development via M&A deal, owing to a long relationship both professionally, between companies, and personally,” says Andrei Olariu, co-founder and CEO of Nordlogic.
From the part of AROBS, the deal was handled by Wolf Theiss, while Nordlogic was assisted by Orion XXI and ZVD Attorneys.
This is the third deal AROBS has clinched since its listing on the Bucharest Stock Exchange, after acquiring Berg Software Timisoara in late 2021 and Enea Software Development Services in April 2022. It is also the seventh deal concluded by the company in the past four years.
“In a relatively short period of time, we’ve successfully completed three deals, but we will continue to seek and identify new opportunities,” specifies Voicu Oprean.
(English version by Catalina Apostoiu)