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Dentons and Ionescu & Sava Advise on Asseco’s Acquisition of Bithat

Dentons and Ionescu & Sava Advise on Asseco’s Acquisition of Bithat

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Dentons has advised Asseco Group company Asseco SEE on its acquisition of a majority stake in Bithat Solutions. Ionescu & Sava advised the seller.

Asseco SEE is an IT company providing customers with software and services. The company operates in 10 countries. Bithat Solutions is a Romanian company that specializes in data and document management solutions.

According to Dentons, "through the acquisition, Asseco SEE continues its strategy of expanding its document management solutions and accelerating the growth of its business."

"The acquisition of Bithat Solutions reconfirms Asseco SEE’s commitment to expanding its product and service portfolio in the area of digital document management and online services," Asseco SEE Country Leader Adrian Nastase commented. "By consolidating the IT solutions and expertise offered with Bithat, we mark an important step toward becoming one of the main providers on the Romanian market in the field of digitalization."

"During the pandemic period, but especially after it, technology began to be used as an essential tool for maintaining the continuity of the activity of companies and public institutions," Bithat Solutions General Manager Daniela Boboc added. "Many organizations and governments have moved their operations and services online to limit physical interaction. Bithat has experienced rapid growth in recent years, and joining Asseco SEE represents an extraordinary opportunity to continue expanding into new foreign markets. We wanted a strategic partner, with a strong presence and expertise at the international level, for the continuation of the vision and development strategy."

The Dentons team was led by Partner Cristian Popescu and included Counsel Cristina Marcu and Associates Cristina Florea and Alin Dimache.

The Ionescu & Sava team was led by Partner Costin Teodorovici and included Senior Lawyer Diana Alexandra Mardare.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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