Adroit Infotech Limited

Non-Binding Agreement for Majority Stake Acquisition in Verso Altima Group d.o.o.

Main Body

Adroit Infotech Limited has entered into a non-binding agreement to acquire a majority equity stake in VERSO ALTIMA GROUP D.O.O., a prominent business integrator and digital solutions provider headquartered in Zagreb, Croatia. The announcement was made pursuant to Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Details:

  • Verso Altima Group d.o.o. has current standalone revenue of approximately 13 million Euros
  • Upon successful completion, the consolidated revenue of Adroit Infotech is projected to reach $23-25 Million USD (approximately Rs. 225-250 Crores)
  • Combined employee strength will reach 400+ employees

Transaction Structure:

  • Date of execution: 16th October, 2026 (disclosure date)
  • Acquisition of majority equity stake
  • Consideration: Cash consideration (exact amount to be finalized after financial due diligence)
  • Funding source: No third-party debt; financed through internal accruals, Preferential Issue and Rights Issue proceeds

Parties Involved:

  • Acquirer: Adroit Infotech Limited
  • Target: Verso Altima Group d.o.o. (Zagreb, Croatia)
  • Related subsidiary: Verso Altima India Limited (Navi Mumbai-based CMMI Level 3, SAP PartnerEdge – Sell partner with 250+ SAP professionals)

Approvals Required:

  • Subject to execution of definitive Share Purchase Agreements (SPA)
  • Satisfactory completion of comprehensive legal and financial due diligence
  • Necessary board authorizations
  • Customary regulatory approvals in India and Croatia
  • The acquisition does NOT fall within related party transactions (promoters have no interest)

Strategic Rationale:

  • Establishes commercial anchor base in Continental Europe
  • Creates global powerhouse in SAP Billing and Revenue Innovation Management (BRIM) and high-performance telecom infrastructure
  • Unifies complementary IT services portfolios with operational synergies
  • Hybrid delivery model integrates European front-end with offshore capabilities
  • Expands capabilities across SAP licensing, systems integration, implementation consulting, managed services, and emerging BTP/AI solutions
  • Diversifies into non-SAP technology including IoT, advanced networking, and telecom infrastructure architectures
  • Accelerates deployment of proprietary products (VAI 360 CRM, VAI Check Box, VAI IntelHubX) across Media, Telecommunications, Utilities, Retail, and Transport verticals

Other Key Announcements

  • Verso Altima India Limited is revealed as an existing subsidiary of Adroit Infotech with 250+ SAP professionals and proprietary product suite
  • The combined entity will operate across 4 continents with enhanced global delivery capabilities