Tuca Zbarcea & Asociatii advises GlobalLogic Inc. on entering the Romanian IT services market
US company GlobalLogic Inc., a leader in digital engineering and a Hitachi Group Company (Japan), agreed to buy 100% of the shares of the company group Fortech SRL and Fortech Software Solutions SRL—one of Romania’s leading IT service providers. The transaction is GlobalLogic’s first acquisition in Romania. It also marks one of the most important deals taking place between a high calibre international player and a strong Romanian entrepreneurship.
Tuca Zbarcea & Asociatii fielded a team of lawyers acting on the buyer’s side and covering the full scope of services including M&A, corporate/commercial, competition, IT/IP, employment, and data privacy. Dragoș Apostol (Partner) led the team, backed by Veronica Aman (Managing Associate), with other lawyers including Raluca Vasilache (Partner), Mihai Anghel (Partner), Ciprian Timofte (Partner), and Dana Blaer (Managing Associate) advising during the due-diligence phase and on various regulatory matters.
“Advising a world-class player such as GlobalLogic (a member of the Japanese powerhouse Hitachi) on making its way onto the Romanian IT services market has been extremely gratifying for us. This strategic acquisition should be seen as a positive sign for the Romanian economy and the local business market in general, and it indicates the huge growth potential of the country’s IT sector. It was an honor for us to team up with the buyer on this transaction and especially rewarding since Fortech is a company founded by talented and passionate Romanian entrepreneurs who have successfully created a solid and reputable brand in the IT services market”, said Dragos Apostol.