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Bulgaria's Sirma Group takes control of IT consultancy TBI Info

Jul 6, 2022, 1:24:37 PMArticle by Antonia Kokalova-Gray
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July 6 (SeeNews) - Bulgarian software developer Sirma Group Holding [BUL:SGH] said that it has acquired a 55% stake in local IT consultancy TBI Info, including its subsidiary HRM Solutions.

Bulgaria's Sirma Group takes control of IT consultancy TBI Info
Author: Rachel Johnson.

The transaction was wrapped up on Tuesday, the buyer said in a bourse filing issued after close of trading without disclosing the value of the deal.

Sirma Group Holding first announced plans for purchasing 55% interest in TBI Info in June.

The acquired business booked revenue of over 3 million levs ($1.6 million/1.5 million euro) in 2021, with over 40 staff.

Established in 2002, the Sofia-based IT consultancy focuses on financial and insurance services as well as the human resources sector.

Shares in Sirma Group Holding closed flat at 0.85 levs in their most recent trading session on Tuesday.

(1 euro = 1.95583 levs)

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