December 13 (SeeNews) - Bulgarian software and IT services group Bianor Holding [BUL:BNR] said on Wednesday that it finalised the acquisition of full ownership of local IT infrastructure provider GoToAdmins Group.
Bianor acquired the company in full following a deal in September, it said in a bourse filing without disclosing financial terms. The initial transaction saw the target company's two owners retain sizeable undisclosed stakes in GoToAdmins. The acquisition of the Sofia-based provider of personalised cloud infrastructure management services and DevOps methodologies will broaden Bianor's range of services on offer into a much sought-after area, Bianor said at the time.
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Bianor, which has been on a deal spree in the past year, earlier this week announced the acquisition of local software company Bulbera, its fourth transaction in 2023.
In October, the company issued new shares, increasing its capital to some 6.88 million levs ($3.8 million/3.5 million euro) from 1.15 million levs. Earlier this year, the holding announced its subsidiary Bianor Services will work on three new defence projects approved by the European Defence Fund (EDF).
Shares in Bianor closed 8.10% higher at 4.00 levs in its most recent trading session on the Bulgarian Stock Exchange on Tuesday.
(1 euro = 1.95583 levs)