Reff & Associates | Deloitte Legal assisted Smart ID Technology, company part of the SARMIS Capital portfolio specialized in process automation, in the acquisition of AB Systems, a manufacturer of labels and automatic identification solutions

Reff & Associates | Deloitte Legal team assisted Smart ID Technology, part of the SARMIS Capital investment fund portfolio, in taking over the majority stake of AB Systems, a manufacturer of durable barcode labels and RFID (Radio-Frequency Identification) smart labels for companies in the automotive manufacturing, logistics and retail sectors.

The transaction was signed in March and is subject to the approval of the Competition Council and of the Commission for the Examination of Foreign Direct Investments.

This is the third acquisition made by Smart ID in the last three years, after the takeover of Total Technologies, one of the most important Honeywell technology integrators for industrial automation in Central and Eastern Europe, and of Sceptrum, a provider of ERP (enterprise resource planning) software. The development of Smart ID through acquisitions is part of the company’s strategy to become a regional leader in providing innovative technological solutions for automation, identification and automatic data capture, for the industrial, logistics and retail sectors.

“We are pleased to announce this strategic transaction, which strengthens our position in the market and represents an important step towards our goal of becoming a regional leader in automation and automatic identification technology solutions. This acquisition reflects the remarkable potential of the Romanian entrepreneurship and of local collaboration. I would like to thank the team of consultants who made this success possible for their exceptional professionalism, outstanding involvement, extensive experience and proven competence in managing the entire process. Our collaboration was a true demonstration of excellence, and the support provided was essential in achieving this result. It is a proud moment for all of us and an example of the power of collaboration in the Romanian business environment,” said Daniel Boangiu, Founder and CEO, Smart ID Technology.

The Reff & Associates Team | Deloitte Legal involved in the project assisted Smart ID Technology in the due diligence process, in the preparation and negotiation of the transaction documentation, and currently assists the company in obtaining the approvals from the competent authorities in the field, through the contribution of Georgiana Singurel, Partner and leader of the commercial law and mergers and acquisitions practice, and Stefan Caramida, Senior Managing Associate, as well as with the involvement of lawyers Elena Costescu, Senior Associate, Andrea Grigoras, Senior Managing Associate, Diana Ivan, Senior Associate, and Maria Marin, Associate.

“We are glad to have been able to support Smart ID Technology and SARMIS Capital in this transaction and we are confident that this partnership between two local entrepreneurs who inspire with their energy and strategic approach and who will benefit from the support of one of the most important local investment funds will take the growth and consolidation of the business beyond the country’s borders. This transaction is an example of collaboration between Romanian entrepreneurs with complementary visions and an important step in order to amplify the existing synergies in their activity. We are grateful for the trust and excellent collaboration with our client,” said Georgiana Singurel, Partner at Reff & Associates | Deloitte Legal and Leader of the commercial and M&A practice.

Smart ID Technology creates and implements customized and complete process automation solutions for companies with intensive work environments, with the aim of optimizing costs and increasing productivity. With over 12 years of activity, the company has become a leader in the local IT field and the most important supplier and integrator of revolutionary technologies and mobile, automation and robotics equipment for the main industries.

AB Systems is a Romanian entrepreneurial company founded in 2000, specialized in the production of labels and automatic identification solutions (based on RFID and barcodes). The customized services and products offered by the company are used by customers from industries such as automotive and retail, operating in Africa, America, Asia and Europe.

The private equity fund SARMIS Capital, established in 2019 by a local team, invests in companies in most sectors of activity both in Romania and in Central and Eastern Europe. The fund’s management team has actively invested in the region for over 15 years, placing over 230 million euros in 20 transactions and obtaining bank financing of over 250 million euros for portfolio companies. SARMIS Capital’s portfolio includes, in addition to Smart ID Technology, MG-Tec Industry, BMF Grup and Corporate Office Solutions.

Reff & Associates | Deloitte Legal is recognized as a leading law firm in Romania for the quality of services and ability to deliver solutions on complex legal matters. The areas of practice include banking and finance, competition, employment, energy and environment, insolvency, legal management consulting, litigation, corporate, mergers and acquisitions, public sector and real estate, as well as optimization of legal processes and the adoption of new technologies. The firm represents in Romania Deloitte Legal, a global network with more than 2,500 lawyers in 80 countries.