The price of the transaction has not been disclosed.
Established by Mircea Pop in 2005, Red Dot supplies products, services and integrated IT&C solutions, adapted to the specific business requirements, including design, installation and maintenance for voice, video and data infrastructure: structured cabling systems, communications networks, audio/video systems, security systems, Smart Home solutions and for smart buildings.
The company acquired will be managed as an independent entity, called Datanet Systems Cluj SRL and 51% held by Datanet Systems Bucuresti and 49% by Red Dot’s current owner, Mircea Pop.
The company’s current management and personnel structure will be kept and all ongoing contracts will continue normally.
Prior to the transaction, the two companies had a long-term collaboration, carrying out several projects aimed at putting into operation and maintaining the telecommunication infrastructure.
Datanet Systems was established in 1998 and currently is one of the leading integrators of complex IT solutions in Romania. In 2020, the company reported revenue of EUR26 million and employs, together with Datanet Systems Software, a total 125 employees.