Alten S.A. (ENXTPA:ATE) signed an agreement to acquire QUALITANCE from the owners Radu Constantinescu and Ioan Iacob on September 28, 2022. The transaction is subject to approval from the Romanian Competition Authority, the anti-trust body of Romania. The transaction is expected to close by the end of 2022.

As a result of the transaction, ALTEN Group is expecting to reinforce its presence in Romania as well as increase its capabilities in serving clients across Central and Eastern Europe. Alina Stavaru and Cezara Urzica of Radu Taracila Padurari Retevoescu SCA acted as the legal advisor to QUALITANCE. Accendo (Romania) acted as the financial advisor to QUALITANCE.

The acquisition has been approved by the Romanian Competition Council.