“The agreement was signed by Dendrio together with two other companies as part as a joint venture and the total value of this contract is RON253 million, of which Dendrio’s delivery component is worth approx. RON63 million (without VAT). The object of the contract is the supply of network equipment (switches) and training services related to their operation,” as per the report.
According Bittnet representatives, “the duration of the contract is 36 months from signing (until January 2027). The contract is a framework agreement, without the client’s obligation to reach the maximum amount in orders and the total value is given by the maximum amount of equipment that could be ordered by the beneficiary based on subsequent agreements.”
The beneficiary is a public sector client but its name was not disclosed in the report.
Dendrio Solutions is part of the Cloud & Infrastructure pillar of Bittnet Group alongside with Dataware Consulting, TopTech, Optimizor (formerly ITPrepared) and 2Net Computer.
Bittnet shares have traded 6.4% lower in the last 12 months, amid deals worth RON24.3 million and a market capitalization of RON176 million.