It’s Connections Consult’s first acquisition in 2021, in the context where the company has listed recently, marking a new business development stage. The company has 300 employees, offices in Bulgaria and Serbia and sales representatives in Germany and Saudi Arabia. Last year, Connections Consult had turnover worth EUR7 million.
Brusch Services operates on three markets, Romania, Germany and Finland, and generated turnover of around EUR1 million in 2020. The firm provides consulting services along all the levels of software development and wants to become a tech high-skilled talent management platform as part of Connections Consult group.
“The reasons we decided to clinch this deal are the strategy to consolidate and develop tech skills, foreign market access and the need to create a talent management platform that should give us a significant upper hand in the race to lure skilled human resource, probably the biggest challenge in our industry. We expect Brusch acquisition to boost the group’s turnover by at least 10% and gross profit by 15% in 2022,” states Bogdan Florea, founder and CEO of Connections Consult.
Gustav Bruckner and Axel Schwartz, former shareholders in Brusch Services SRL, exited the company’s shareholding structure after a period of almost 7 years, ceding their stakes to Connections Consult.
Connections Consult is one of UiPath’s main partners in Romania, having jointly implemented automation processes in key industries.
The company posted EUR7 million turnover in 2020.
(English version by Catalina Apostoiu)