“SD Worx signed the agreement to buy 80% now and the remaining 25% in 2025,” the two companies announced.
“This acquisition is a strategic move that allows us to expand our portfolio and presence in Romania, a dynamic market in the Central and Eastern Europe,” SD Worx chief executive officer Kobe Verdonck said.
“Integration into the SD Worx Group is an excellent opportunity for us to speed up development and innovation,” Romanian Software’s CEO Victor Dragomirescu said.
Romanian Software was established in 2001 and ended 2022 with RON24.3 million revenue and RON3.2 million net profit.
SD Worx’s annual revenue amounts to EUR1 billion.
(English version by Loredana Fratila-Cristescu)