{"id":15952,"date":"2022-04-06T18:06:08","date_gmt":"2022-04-06T15:06:08","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=15952"},"modified":"2022-04-06T17:50:54","modified_gmt":"2022-04-06T14:50:54","slug":"signing-the-investment-agreement-with-2net-computer","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/","title":{"rendered":"Signing the investment agreement with 2net computer"},"content":{"rendered":"<section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs investors about signing of the investment agreement for the full acquisition of 2net computer SRL, a romanian IT&amp;C integrator with focus on the Brasov region and central Transylvania.<\/p>\n<p>The 2net computer SRL operations will be integrated in Dendrio Solutions SRL, part of the Technology Division of the Bittnet Group, thus consolidating the \u201cCloud &amp; infrastructure\u201d business segment in the Transylvania region, after the acquisition of TopTech.<\/p>\n<p>2net computer SRL is a Romanian company with over 20 years of experience in providing IT&amp;C products and services, especially in the Brasov area for local and international clients with presence in Brasov, Harghita and Covasna counties.<\/p>\n<p>2net computer provides technology products and solutions such as:<\/p>\n<ul>\n<li>design and implementation for technical security systems,<\/li>\n<li>technology solutions &amp; services for configuring equipment, servers, storage, networking, software, virtualization, hardware &amp; software security,<\/li>\n<li>computer and PC hardware (computers, laptops, tablets, software, Office applications, Antivirus, etc.),<\/li>\n<li>hardware printing (printers, multifunction scanners),<\/li>\n<li>data &amp; video surveillance &amp; access control,<\/li>\n<li>industrial automation for the trade activity of IT and peripheral equipment.<\/li>\n<\/ul>\n<p>With the acquisition of 2 net computer by Dendrio Solutions, Bittnet&#8217;s Technology Division is consolidating its presence in the Transylvanian region. For last year, 2net computer SRL achieved total revenues of RON 25 million and estimated EBITDA of RON 2 million, as well as a net profit of approximately RON 1.4 million. For 2021, the company had 24 employees and collaborators.<\/p>\n<p>The transaction price will be RON 2,556,020 and will be adjusted accordingly, for the state of the company (&#8220;net debt&#8221;) and non-core assets. In addition, Dendrio will take over a shareholder loan worth RON 1.2 million.<\/p>\n<p>For a good understanding of the size of the \u201cCloud &amp; Infrastructure\u201d business segment, we further offer the financial results of the 3 companies in 2021 (Dendrio Solutions, TopTech and 2net computer). Total revenues are close to RON 170 million, EBITDA: RON 11 million, and net profit of RON 6 million. The financials of TopTech and 2net computer are not consolidated in the financial statements of the Group for the year 2021.<\/p>\n<p>As in the case of the transaction with TopTech, the investment agreement with 2net computer will be subject to the approval of the Competition Council.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2022\/04\/CR11-current-report-engl-2022-2net-computer.pdf\">CR11\/06.04.2022<\/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 of the investment agreement for the full acquisition of 2net computer SRL, a romanian IT&amp;C integrator with focus on the Brasov region and central Transylvania. The 2net computer SRL operations will be integrated in Dendrio Solutions SRL, part of the Technology...","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,398],"tags":[],"class_list":["post-15952","post","type-post","status-publish","format-standard","hentry","category-current-reports","category-latest-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Signing the investment agreement with 2net computer - 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-2net-computer\/\" \/>\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 2net computer - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/\" \/>\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=\"2022-04-06T15:06:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-06T14:50:54+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=\"2 minutes\" \/>\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-2net-computer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Signing the investment agreement with 2net computer\",\"datePublished\":\"2022-04-06T15:06:08+00:00\",\"dateModified\":\"2022-04-06T14:50:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/\"},\"wordCount\":387,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\",\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/\",\"name\":\"Signing the investment agreement with 2net computer - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2022-04-06T15:06:08+00:00\",\"dateModified\":\"2022-04-06T14:50:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-2net-computer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signing the investment agreement with 2net computer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. 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