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Quest Global Romania joins AROBS Group as part of equity-based transaction
['Romania Insider']
Romania Insider
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, has signed an agreement under which Quest Global Romania will join the AROBS Group, strengthening its position in software engineering services.
Quest Global Romania, headquartered in Craiova, employs around 110 specialists and provides integrated software development services, including embedded solutions, testing and validation, mobile development, and IT consulting.
Quest Global Romania is part of Quest Global, a Singapore-headquartered engineering services group with more than 22,000 employees operating in over 18 countries.
Alongside the transaction, AROBS and Quest Global plan to develop a broader collaboration to jointly deliver complex software engineering and digital transformation projects for international clients from Romania.
Quest Global Romania’s financial results will be included in the consolidated financial statements of the AROBS Group following the completion of the transaction, which is expected in the first half of the year.