“We firmly believe in the impact that technology, through automation and digitalization, will have on the region’s economic growth and future”, said Cezar Scarlat, Managing Partner and co-founder of Sarmis Capital.
“We are honored we earned the trust of SARMIS Capital. We believe this deal will make us a formidable player at both local and regional levels. Our responsibility from now on is to make the deal create unmatched value for the company, by adding to the resources that helped us to become one of the most important companies in the industries we are targeting and to our most important asset – our people, a unique combination of experts, new capabilities, new technologies, better processes and, most of all, better solutions for our existing and future customers”, said Daniel Boangiu, CEO and co-founder of Smart ID.
Smart ID Dynamics, established 11 years ago by entrepreneurs Daniel Boangiu and Romeo Iacob, specializes in providing highly customized end-to-end automation solutions for intensive business environments, primarily to customers in industries such as retail, logistics, and manufacturing, to optimize costs and increase productivity. The company has a proven track record of delivering mission-critical, proprietary, tailored solutions across the value chain, from solution design & development to implementation and post-implementation maintenance & support. Despite a globally challenging environment, the company managed over 20% growth in 2021.
During its 11 years of activity, Smart ID services have been successfully delivered to more than 3,000 clients in more than 250 completed projects and currently, the company serves an impressive portfolio that includes blue-chip multinational companies (such as Carrefour, Selgros, REWE, Leroy Merlin, British American Tobacco, JTI, Philip Morris, TNT, DHL, KLG, XPO, IDL), large Romanian companies (such as eMAG, Sameday, Cargus, Dacia, Macromex), as well as numerous reputable SMEs.
Under the new shareholding structure, Smart ID plans to consolidate the company’s leading position through the accelerated development of the business and increase of its client base, branching out with proven, successful solutions towards new sub-sectors, as well as through strategic local and regional acquisitions, all of these with a continued focus on ESG (Environmental, Social, Governance), sustainability and CSR (corporate social responsibility).
Following this deal, Daniel Boangiu will remain an important shareholder and continue to act as the CEO of Smart ID, with full responsibilities regarding the company’s strategy execution.
SARMIS was advised in this process by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR) (legal and transactional), EY Romania (financial and tax), Kearney (commercial).
Smart ID and its shareholders were advised by bpv Grigorescu Ștefănică (bpvGS) (legal and transactional), Dobrinescu Dobrev SCA (tax), and Path-Finder Corporate Finance (sell-side advisor). Special thanks go to Kogaion Investments who was instrumental in the deal in multiple roles.
Smart ID is the second investment made by SARMIS Capital in Romania, after the recent acquisition of a majority stake in Corporate Office Solutions – COS (leading provider of custom fit-out services).