AROBS Transilvania Software has transferred to the Main Market of the stock exchange nearly 2 years after its debut on the AeRO market

AROBS Transilvania Software has transferred to the Main Market of the stock exchange nearly 2 years after its debut on the AeRO market

• AROBS Transilvania Software, a company listed on the AeRO market since December 2021, transfers to the Main Market of the Bucharest Stock Exchange.
• September 25 is the first trading day for AROBS Transilvania Software shares on the Main Market under the stock symbol AROBS.
• Currently, AROBS is the largest technology company listed on the Bucharest Stock Exchange.

AROBS Transilvania Software (AROBS), Romanian IT company specialized in providing services and software solutions based on the latest technologies, debuted today, September 25, on the Main Market of the stock exchange under the stock symbol AROBS, following its transfer from the AeRO market, the equity segment of the Multilateral Trading System of the Bucharest Stock Exchange.

AROBS Transilvania Software has been present on the capital market since 2021 and, at the time of the transfer, it had a market capitalization of RON 948 mn. Founded in 1998 in Cluj-Napoca, AROBS has offices in 10 countries across Europe, America, and Asia, with a team of over 1,200 experts. AROBS develops customized software solutions and serves as a true R&D center for global partners in complex projects in the fields of Embedded (Automotive, Aerospace, Maritime, Medical Devices), Clinical Trials, IoT, Travel, Enterprise Solutions, Fintech, and Intelligent Automation. Additionally, it holds several software products used by over 11,000 companies, with 10,000 of them in Romania and the rest abroad.

“In the year when we celebrate 25 years since its establishment, the start of trading AROBS shares on the Main Market of BVB represents a significant step in our mission to become one of the important players on the global market of IT services and products, starting from Cluj. We are proud that in our almost two years of activity on the capital market we have grown rapidly, both organically and through nine M&A transactions. During this period, we have acquired companies operating in the same industry that bring added value by consolidating and expanding AROBS’ areas of expertise and geographical footprint. In terms of future plans on the capital market, we will continue the accelerated growth we have included in the strategy, we aim to enter local and regional indices, as well as attract institutional investors by making a capital increase, We are proud of what we have achieved so far, but we are even more enthusiastic about what the future holds. I thank the investors for their trust, also my thanks go to my colleagues, those who contributed to today’s success and to partners and customers. We do not stop here“, said Voicu Oprean, Founder and CEO of AROBS Transilvania Software.

“Today we mark a premiere on the Bucharest Stock Exchange by transferring AROBS Transilvania Software to the Regulated Market, this being the second transfer at the beginning of 2023 from the AeRO market to the main segment of the stock exchange. From the nomination of AROBS and the award in the third edition of our Made in Romania program, to listing on the AeRO market and inclusion in the dedicated market index, BET AeRO, and now to the transfer to the Regulated Market, AROBS has demonstrated commitment to becoming a reference company in its field of activity, but also an active issuer of the local stock exchange. Starting today, AROBS continues its new path on the capital market, where growth opportunities are opened through access to a new category of investors and financing possibilities. We continue to look with interest at the company’s development plans on the local capital market.” said Radu Hanga, President of the Bucharest Stock Exchange.

“AROBS Transilvania Software came to the Bucharest Stock Exchange at the end of 2021, following the largest private placement of shares on the AeRO market, where it attracted RON 74.2 million from investors. In its 25 years of activity, AROBS, representing a dynamic sector of our economy, has achieved a series of notable performances and we are glad that these successes are also reflected in its evolution on the stock exchange. Less than 2 years after listing on the AeRO market, AROBS became the issuer with the most traded share on the AeRO market in 2022, and today it is the largest IT company in terms of capitalization on the Regulated Market. We hope to see more and more issuers achieve this important step in their evolution on the capital market, a sign of the company’s maturity, by transferring to the Regulated Market of the stock exchange.” said Adrian Tanase, CEO Bucharest Stock Exchange.

The transfer of AROBS Transilvania Software shares on the Regulated Market was made with the support of BT Capital Partners, as intermediary and Cornerstone Communications, as capital market consultant.

“We are honored to be part of a new entrepreneurial success story on the capital market and we consider that the step taken today by AROBS is a natural and marked one in the company’s development. The shares will now trade on stage where they are recommended by capitalization and liquidity, in the sights of new categories of institutional and retail investors”, said Daniela Secara, CE0, BT Capital Partners.

“The growth registered by AROBS on the AeRO market, highlighted by a share price appreciation of over 50% in less than two years since the private placement and supported by over 5,000 shareholders, demonstrates the company’s strong position in Romania and internationally, strengthened by the vision and entrepreneurial spirit. The transition to the Main Market of the Bucharest Stock Exchange positions AROBS alongside the top 20 companies listed on BVB. At the same time, AROBS’ development strategy, based on organic growth and mergers and acquisitions, is an example not only for technology companies, but for any business aiming at accelerated development through the capital market“, said Zuzanna Kurek, IR Manager AROBS and founder of Cornerstone Communications.

Since the successful closing of the private placement in October 2021, the company’s capitalization has increased by 53%, from RON 618 million to RON 948 million on September 20, 2023, the company’s last trading day on the AeRO market. AROBS shares debuted on the AeRO market on December 6, 2021. One month after entering trading, the company benefited from the services of Issuer Market Maker from BRK Financial Group (BRK). The company’s shares were included in March 2022 in the BET AeRO index, ranking first among the included companies, with a weight of 16.44%. AROBS shares have also been included in the MSCI Frontier Markets Small Cap Index and MSCI Romania Small Cap Index, effective August 31, 2023. In 2020, AROBS Transilvania Software was among the finalists of the Made in Romania program, third edition, developed by the Bucharest Stock Exchange to support Romanian entrepreneurship. In addition, at the beginning of 2023, AROBS received the distinction “The most traded stock on the AeRO market in 2022” at the BVB Awards event organized by the Bucharest Stock Exchange.

Since listing in 2021 on the AeRO market until now, AROBS has made nine transactions. In 2021, Berg Software was acquired, and in 2022 AROBS Engineering (former business line Enea Software Development Services Romania), Nordlogic Group and GPS Software Center Romania were acquired. In 2023, AROBS acquired two entities from the Republic of Moldova, AROBS Software and AROBS TrackGPS, AROBS Polska (former SYDERAL Polska) from Poland, Future WorkForce Group – based in Romania, Germany and Great Britain – and AROBS Pannonia Software from Hungary.

AROBS Transilvania Software is owned by Oprean Voicu – CEO and founder of AROBS Transilvania Software in a proportion of 66.19%, by legal entities in a proportion of 17.66% and by individuals in a proportion of 16.13%.

AROBS Transilvania Software is the fourth company listed on the Bucharest Stock Exchange to move from the AeRO market to the Regulated Market in 2020.

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