The multidisciplinary team within Reff & Associates | Deloitte Legal and Deloitte Romania provided legal and tax assistance throughout the sale process.
The transaction is Convergint's first acquisition in Romania and it also marks the most important deal in the local safety and security systems market.
Over half of the PE funds in Romania anticipate an increase in M&A activity in 2025 compared to the previous year, according to a Roland Berger study.
More than 13% of businesses in the EU used AI during 2024, while companies in Romania fall below this average, according to a European Commission report on digitalization.
BCR achieved a net profit of RON 742 million (€149 million) during Q1 2025, marking a 19.8% increase compared to the RON 620 million (€125 million) in Q1 2024
Close to 12,000 Romanians that are abroad had already voted by Friday morning in the first round of presidential elections.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.