{"id":15819,"date":"2022-03-23T12:54:01","date_gmt":"2022-03-23T10:54:01","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=15819"},"modified":"2022-03-23T12:55:43","modified_gmt":"2022-03-23T10:55:43","slug":"signing-the-investment-agreement-with-toptech","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/","title":{"rendered":"Signing the investment agreement with TopTech"},"content":{"rendered":"

BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs investors about signing the sales and purchase agreement for full takeover of TOPTECH SRL, IT&C integrator with relevant business in Transylvania area. TopTech’s operations will be integrated into Dendrio Solutions SRL, part of the Bittnet Group’s Technology Division.<\/p>\n

The transaction price is RON 12 million and will be partially paid in cash (RON 7 million), and the rest to be settled in BNET shares. The actual number of shares to be issued will be determined in accordance with the provisions of art. 210 (2) of Law 31\/1990 and art. 87-88 of Law 24\/2017 on issuers of financial instruments and market operations and art. 174 of the FSA Regulation no. 5\/2018.
\nTopTech is a Romanian IT&C company founded in 1992 in Deva. Today, TopTech uses technologies with leading technology manufacturers, such as Dell and HP. The company has over 80 employees, being one of the most important IT&C integrators in the central and western part of Romania. TopTech has offices in Deva, Sibiu, Timisoara, Cluj-Napoca, Alba-Iulia and Medias. Following this transaction, Dendrio expands its geographical coverage nationwide, at present the company is mainly present in Bucharest and southern Romania.<\/p>\n

In 2021, TopTech achieved a turnover of RON 55 million, estimate EBITDA RON 2.4 million, and a net profit of RON 1.6 million. Bittnet Systems shareholders approved the acquisition of TopTech at EGMS in September 2021. The transaction will be subject of approval from the Competition Council.<\/p>\n

CR10\/21.03.2022<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs investors about signing the sales and purchase agreement for full takeover of TOPTECH SRL, IT&C integrator with relevant business in Transylvania area. TopTech’s operations will be integrated into Dendrio Solutions SRL, part of the Bittnet Group’s Technology Division. The transaction price is RON 12...","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389],"tags":[],"class_list":["post-15819","post","type-post","status-publish","format-standard","hentry","category-current-reports"],"yoast_head":"\nSigning the investment agreement with TopTech - Bittnet Investors Relations Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signing the investment agreement with TopTech - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\" \/>\n<meta property=\"og:site_name\" content=\"Bittnet Investors Relations Site\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BittnetSystems\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-23T10:54:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-23T10:55:43+00:00\" \/>\n<meta name=\"author\" content=\"Lucian Bratu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NA\" \/>\n<meta name=\"twitter:site\" content=\"@NA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucian Bratu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Signing the investment agreement with TopTech\",\"datePublished\":\"2022-03-23T10:54:01+00:00\",\"dateModified\":\"2022-03-23T10:55:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\"},\"wordCount\":260,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\",\"name\":\"Signing the investment agreement with TopTech - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2022-03-23T10:54:01+00:00\",\"dateModified\":\"2022-03-23T10:55:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signing the investment agreement with TopTech\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. Upgraded.\",\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\",\"name\":\"Bittnet Group\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"contentUrl\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"width\":807,\"height\":442,\"caption\":\"Bittnet Group\"},\"image\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/BittnetSystems\/\",\"https:\/\/twitter.com\/NA\",\"http:\/\/na\",\"https:\/\/www.linkedin.com\/company\/bittnet-group\/\",\"https:\/\/www.youtube.com\/user\/BittnetSystems\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\",\"name\":\"Lucian Bratu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g\",\"caption\":\"Lucian Bratu\"},\"url\":\"https:\/\/investors.bittnet.ro\/en\/author\/lucian-bratu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Signing the investment agreement with TopTech - Bittnet Investors Relations Site","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/","og_locale":"en_US","og_type":"article","og_title":"Signing the investment agreement with TopTech - Bittnet Investors Relations Site","og_url":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/","og_site_name":"Bittnet Investors Relations Site","article_publisher":"https:\/\/www.facebook.com\/BittnetSystems\/","article_published_time":"2022-03-23T10:54:01+00:00","article_modified_time":"2022-03-23T10:55:43+00:00","author":"Lucian Bratu","twitter_card":"summary_large_image","twitter_creator":"@NA","twitter_site":"@NA","twitter_misc":{"Written by":"Lucian Bratu","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/#article","isPartOf":{"@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/"},"author":{"name":"Lucian Bratu","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b"},"headline":"Signing the investment agreement with TopTech","datePublished":"2022-03-23T10:54:01+00:00","dateModified":"2022-03-23T10:55:43+00:00","mainEntityOfPage":{"@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/"},"wordCount":260,"publisher":{"@id":"https:\/\/investors.bittnet.ro\/en\/#organization"},"articleSection":["Current reports"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/","url":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/","name":"Signing the investment agreement with TopTech - Bittnet Investors Relations Site","isPartOf":{"@id":"https:\/\/investors.bittnet.ro\/en\/#website"},"datePublished":"2022-03-23T10:54:01+00:00","dateModified":"2022-03-23T10:55:43+00:00","breadcrumb":{"@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-toptech\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/investors.bittnet.ro\/en\/"},{"@type":"ListItem","position":2,"name":"Signing the investment agreement with TopTech"}]},{"@type":"WebSite","@id":"https:\/\/investors.bittnet.ro\/en\/#website","url":"https:\/\/investors.bittnet.ro\/en\/","name":"Bittnet Investors Relations Site","description":"Your Value. Upgraded.","publisher":{"@id":"https:\/\/investors.bittnet.ro\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/investors.bittnet.ro\/en\/#organization","name":"Bittnet Group","url":"https:\/\/investors.bittnet.ro\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/","url":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","contentUrl":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","width":807,"height":442,"caption":"Bittnet Group"},"image":{"@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/BittnetSystems\/","https:\/\/twitter.com\/NA","http:\/\/na","https:\/\/www.linkedin.com\/company\/bittnet-group\/","https:\/\/www.youtube.com\/user\/BittnetSystems"]},{"@type":"Person","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b","name":"Lucian Bratu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g","caption":"Lucian Bratu"},"url":"https:\/\/investors.bittnet.ro\/en\/author\/lucian-bratu\/"}]}},"_links":{"self":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts\/15819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/comments?post=15819"}],"version-history":[{"count":1,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts\/15819\/revisions"}],"predecessor-version":[{"id":15820,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts\/15819\/revisions\/15820"}],"wp:attachment":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/media?parent=15819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/categories?post=15819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/tags?post=15819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}