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.
The National Bank of Romania (BNR) decided on Monday to maintain the key interest rate at 6.5%, while warning that the inflation rate could pick up in Q2 2025 and the labor market remain unfazed.
CEC Bank Financial Group recorded a net profit of RON 687.9 million (€138 million), with the bank itself recording a net profit of RON 668.2 million (€134 million).
The Romanian mergers and acquisitions (M&A) market saw 57 transactions in Q1 2025, an 8% rise compared to the same period last year.
Global IT service provider Sigma Software Group has announced the opening of its first engineering hub in Romania, marking a significant expansion of its European presence.
Green energy producer Hidroelectrica has announced that a consortium comprising Prime Batteries Technology and Enevo Group will implement a Li-ion battery storage facility at its Crucea Nord wind farm.