New capital investments in Teamnet

Teamnet Group accelerates the international expansion in two new areas

Bucharest, December 10th, 2015 – Teamnet shareholders invested 1.5 million euro by acquiring 2.782 new shares within the group. Thus, International Finance Corporation, World Bank Group Member, raised the participation of 8,33% reached through the investments done in 2014 up to 10,35%. Black Sea Trade and Development Bank contributed to the increase of the social capital proportionally with the held percentage and has currently a 8,33% share in Teamnet.

“In the last years, Teamnet has registered important strategical steps for the evolution of the group locally, as well as regionally. The investments of International Finance Corporation and Black Sea Trade and Development Bank reconfirm the alignment of the international expansion strategy of the group with the development plans of the two supranational institutions. We will continue to invest in the research and development of competitive products in important markets, on the main business pillars of the group such as systems integration, engineering, cloud or robotics.” 

Bogdan Padiu

CEO Teamnet Group

 Currently, Teamnet operates in six countries – Romania, Belgium, Turkey, Croatia, Republic of Moldova and Serbia. In 2016, the group aims at accelerating the expansion at international level, in Slovakia and the United Arab Emirates. Part of this development strategy, Teamnet wants to open new offices in other markets in the next years and estimates that by 2018, over 40% of the revenues will be generated from international projects.

 About Teamnet:

With almost 15 years’ experience, Teamnet is one of the leading IT&C integrators in Romania.

The group recorded a 93 million euros turnover in 2014 and was included, for the eighth consecutive year, in the Deloitte Technology Fast 50 Central Europe ranking, within the “Big 5” category.