Vertical Digital and Sons of Coding were acquired for an initial sum of EUR1.3 million and EUR250,000 earn-out.
The deals were handled by Adnumus, a Romanian M&A consulting company.
(English version by Catalina Apostoiu)
Technology &Telecoms
Britain’s Eleco Buys Vertical Digital Group of Software Development Companies
Eleco plc, a specialized software supplier listed on the Alternative Investment Market of London Stock Exchange, has acquired Vertical Digital group of companies made up of Vertical Digital SRL and Sons of Coding SRL, software companies headquartered in Oradea and Timisoara.