EBRD makes minority equity investment in AROBS Transilvania Software S.A. EBRD investment is part of larger share offering of €38 million (RON 189.3 million) Aim is to support the company pursue its regional growth strategy The EBRD has made a minority equity investment into a leading Romanian technology company, AROBS Transilvania Software S.A, to support it in pursuing its regional growth strategy in central and eastern Europe. The EBRD investment was part of a larger primary and secondary share offering of €38.0 million (RON 189.3 million) subscribed by other retail and institutional investors. The EBRD investment will support a fast-growing, founder-owned business with the potential to become a top-tier software development company both through organic growth and mergers and acquisitions. Around 80-90 per cent of the primary proceeds will support AROBS’ acquisition strategy, enabling it to become a regional leader by accessing new markets, diversifying risk across countries and reducing client concentration. The remainder of the primary proceeds will be used for working capital purposes and support AROBS’ organic growth. The investment will also enhance AROBS’ stock liquidity by increasing its free float on the Bucharest Stock Exchange from 22 per cent (pre-offering) to approximately 40 per cent, helping the company attract long-term local and international investors. "We are very happy to become one of AROBS’ minority shareholders. This investment confirms the EBRD’s commitment to support the vibrant local IT sector and further develop such businesses into regional champions,” said Victoria Zinchuk, EBRD Director, Head of Romania. Voicu Oprean, AROBS' founder and CEO, said: "We are very proud to welcome EBRD as an investor. This transaction creates added value for AROBS, the Romanian technology industry, and the Bucharest Stock Exchange. The partnership will help us become more resilient by improving our liquidity and growing our attractiveness, competitiveness and footprint in international markets." Founded in 1998 by Voicu Oprean, AROBS provides custom software development services across several industries, including automotive, marine, aerospace, healthcare, travel and hospitality, and fintech. The EBRD began collaborating with AROBS in 2008, providing advisory support to develop the branding of its first Romanian GPS used for fleet management. In 2014-2015, the Bank provided the company with international advisory expertise to support AROBS’ strategic planning as well as organisational development. The company was publicly listed on the Bucharest Stock Exchange’s secondary AeRO Market in December 2021 and transferred to the Main Market in September 2023. The EBRD has worked in Romania for more than three decades, investing almost €11 billion through 525 projects
An earthquake of magnitude 5.4 shook Romania’s capital Bucharest and parts of Eastern Romania on Monday afternoon, September 16, around 17:40. No damages were reported after the event. According to the National Institute for Earth’s Physics (INFP), the earthquake occurred in the Vrancea seismic area, some 56 km North-West of Buzau and 59 km East […]
Romania and the United States, through the head of the prime minister’s chancellery Alexandru-Mihai Ghigiu, and the US ambassador to Romania, Kathleen Kavalec, have signed a five-year Child Protection Framework Partnership valued at USD 10 million. The purpose of the partnership is to create a victim-centered prevention strategy and protect child victims of trafficking, according […]
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Nobel Prize for Literature winner Abdulrazak Gurnah, Irish novelist, poet and playwright Colm Tóibín, Spanish author Clara Usón, Israeli writer Zeruya Shalev, and French novelist and essayist Pascal Bruckner are among the guests of this year’s Iaşi International Festival of Literature and Translation (FILIT). The event, scheduled to take place between October 23 and October […]
Hanwha Aerospace, the largest defense company in South Korea, will begin construction of an armored vehicle factory in Romania at the beginning of next year, according to News.ro. The group plans to make Romania a regional hub for all Hanwha's land...
Turda Salt Mine (Salina Turda), one of the most spectacular tourist destinations revealing Romania’s underground wonders, will expand under a project set to kick off in 2025. The plan is to open another mine to tourists, which, local authorities say, would double the number of visitors. The project targets the 10,000 sqm Iosif mine, which […]
