SARMIS Capital announces the acquisition of Total Technologies

This is the second transaction made by Smart ID following the purchase in 2022 of the Romanian leader in ERP software, Sceptrum. The completion of the current transaction is subject to approval by the Competition Council.

"Joining SARMIS Capital and Smart ID Technology’s strategic vision represents a natural and well-founded step”, said Giani Iancu, CEO and shareholder of Total Technologies. "This transaction creates opportunities to expand our capabilities and deliver innovative solutions to our clients."

"With the support of SARMIS Capital and through the integration of Total Technologies, we are strengthening our position as a regional independent leader and diversifying the range of solutions we offer to our clients," added Daniel Boangiu, CEO and founder of Smart ID. "This is an important milestone in our development strategy, and we are pleased to be able to rely on the Total Technologies team, that will remain alongside us. Giani Iancu will continue to play a supervisory role and actively contribute both operationally and strategically, strengthening long-term relationships based on trust and mutual respect with Total Technologies’ clients and suppliers.”

"The acquisition of Total Technologies represents an important step in our strategy to build a leader in the market for automation and data capture solutions" said Cezar Scarlat, Managing Partner at SARMIS Capital. "This transaction marks an essential development in an extensive series of acquisitions to support inorganic growth in the CEE region, for which we have allocated a budget of €20 - 30 million."

The teams involved in the transaction for Smart ID Technology were bpv Grigorescu Ștefănică (legal), Path2Capital (strategic advisor), TS Partners (financial), Dobrinescu Dobrev Tax Advisory (tax) and for Total Technologies: Daniel Vutcanu (legal), Mihai & Co. Business Lawyers (legal).