Sirma Group has acquired a controlling stake in Roweb Development SA to enhance its IT service offerings and market presence in Romania.
Target Information
Sirma Group has officially completed the acquisition of a controlling stake in Roweb Development SA, enhancing its presence in the regional market and strengthening its portfolio of IT services. This strategic acquisition will allow Sirma Group to offer more comprehensive technological solutions to its clients. The deal was concluded under the leadership of Dmytro Baranovskyi, M&A Director at Capital Times.
Roweb Development is one of the leading IT service companies with offices in Bucharest, Pitești, Craiova, and London. The company specializes in creating integrated solutions across various sectors, including financial services, insurance, and recruitment. With a team of over 140 employees, Roweb boasts significant expertise and a successful track record of project implementation for clients in more than 30 countries.
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Industry Overview
The IT services industry in Romania is experiencing robust growth, driven by increasing demand from businesses for digitization and automation solutions. The local market is characterized by a high level of innovation and rapid technolo
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