The European Bank for Reconstruction and Development (EBRD) has made a minority equity investment in AROBS Transilvania Software S.A, a leading Romanian technology company. This strategic investment is part of a larger €38.0 million (RON 189.3 million) primary and secondary share offering, attracting interest from both retail and institutional investors.

Regional Growth Strategy and Expansion

The EBRD's investment aims to support AROBS in its regional growth strategy across Central and Eastern Europe. As a fast-growing, founder-owned business, AROBS has significant potential to ascend to the top tier of software development companies through both organic growth and mergers and acquisitions.

Utilization of Investment Proceeds

Approximately 80-90% of the primary proceeds will fund AROBS' ambitious acquisition strategy. This approach will enable the company to:

• Access new markets
• Diversify risk across different countries
• Reduce client concentration

The remaining proceeds will be allocated for working capital purposes, bolstering AROBS' organic growth.

Enhancing Stock Liquidity and Attracting Investors

The EBRD's investment will also enhance the liquidity of AROBS' stock by increasing its free float on the Bucharest Stock Exchange from 22% to approximately 40%. This increase is expected to attract long-term local and international investors, further solidifying AROBS' market position.

This move by the EBRD underscores its commitment to fostering growth in the tech sector within Central and Eastern Europe, positioning AROBS Transilvania Software S.A as a key player in the region’s technology landscape.