Arctic Stream finalises acquisition of stake in Data Core Systems

Business Forum
Arctic Stream, a BVB-listed IT infrastructure and security integrator, has formalised the acquisition of a 23% stake in Data Core Systems (DCS), a local cybersecurity services company.

The transaction is valued at RON 9.89 million (€2 million), comprising a mix of cash, Arctic Stream shares, and bonus payments tied to performance targets.

This acquisition values DCS at RON 43 million (€8.63 million).

Dragoș Diaconu, Founder and CEO of Arctic Stream, said: "Almost a year ago, we declared our partnership aimed to build the strongest technology hub for IT solutions integration and cybersecurity services in the Romanian market. Today, I can confirm that this partnership is operating at the level of excellence we envisioned, and its results will become increasingly substantial."

DCS reported a turnover of over RON 70 million (€14 million) and a net profit of approximately RON 2 million (over €400,000) in 2024. 

Arctic Stream itself achieved a turnover of RON 139 million (€28 million) last year, an 11% increase from the previous year, and a net profit of RON 8.83 million (€1.7 million).

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Real estate

BT finances Hampton by Hilton Venice hotel with €50 million

Banca Transilvania, Romania's banking leader, has completed its largest cross-border financing to date with a €50 million loan for Hampton by Hilton Venice Isola Nuova. The loan, provided through BT Italia branch, refinances the hotel's development costs.

READ MORE
Business Forum  |  31 March, 2026 at 8:23 PM
Business Forum  |  31 March, 2026 at 5:45 PM