A team of transactional consultants from PwC Romania provided financial and accounting consulting services to the Romanian software company Fortech, founded by Romanian entrepreneur Celin Vaduva, during its sale to the American company GlobalLogic, a member of the Japanese Hitachi Group.

“We are glad to have been with Fortech, an important player in the IT services market in Romania, to support it on its way to a new stage of development. The extraordinary collaboration with the Fortech team and the teams of other consultants involved, as well as the professionalism, dedication and effort put in by all, led to the successful completion of this transaction. There are more and more opportunities for investments and partnerships for Romanian companies in the field of technology against the background of the strengthening trend of digitalization of business in all spheres of activity,” said Cornelia Bumbeca, partner of PwC in Romania.

The deal is subject to regulatory approval and is expected to close by the end of this year.

The PwC team that advised on the financial and accounting aspects throughout the deal, including the negotiation process, was coordinated by Cornelia Bumbeca, Partner at PwC in Romania, and formed by Andrea Bistricanu, Director of PwC in Romania, Andrea Oprescu, Senior Manager, Andrea Puiu, Manager, Oana Dusu, senior associate, Emma Sherban, senior associate, and Claudio Borsch, associate.

With headquarters in Cluj-Napoca and service centers in Oradea, Iasi and Brasov, Fortech is one of the largest IT service providers in Romania and the region with over 1,100 employees.

Article supported by PwC Romania