Serbia-founded HTEC Group acquires Bosnia's WaySeven

With the acquisition, HTEC is increasing the number of employees in its engineering center in Banja Luka to nearly 200, the buyer said in a press release earlier this week.

The value of the acquisition was not disclosed.

Banja Luka-based WaySeven provided services for clients in the Silicon Valley and Europe.

The HTEC Group has offices in Bosnia and Herzegovina, Serbia, North Macedonia, Slovenia, The Netherlands, Sweden, the U.K. and the U.S.