Entersoft S.A. (ATSE:ENTER) acquired 75% stake in BIT Software for €3 million on May 26, 2022. The acquisition will be financed from Entersoft's available cash. Following the acquisition, Entersoft will merge its existing subsidiary in Romania with the newly acquired BIT Software in order to consolidate its presence in the market. The new company will operate in Romania under the BIT Software brand. For 2021, BIT Software reported revenues of €3.2 million and EBITDA of €0.3 million. At the time of the agreement, BIT Software had 71 employees with headquarters in Brasov and a branch in Bucharest.

Entersoft S.A. (ATSE:ENTER) completed the acquisition of 75% stake in BIT Software on May 26, 2022.