Bulgaria's Telelink Business Services Group, or TBS Group, [BUL:TBS] signed an agreement to acquire 100% of the shares of Croatian IT, communication and software solutions provider Sedam IT for 9 million euro ($9.7 million).The final purchase price will be paid in stages, based on the agreed company value and depending on its financial debt, cash and net working capital at the date of transfer of company shares, as well as its financial results for 2024 and 2025, TBS Group said in a bourse filing on Tuesday.

Zagreb-based Sedam IT, founded in 2003, is a leading Croatian provider of ICT solutions and services, according to its LinkedIn profile. The company has completed over 400 projects in the telecommunications, finance, retail and public enterprises sectors.

The BMW Group and NTT DATA Romania have signed an agreement to establish a Joint Venture (JV) in Romania. The BMW Group is thus continuing to expand its global network for its corporate IT and is securing talent and experience in the software sector. The execution of the JV contract is subject to review and approval by the relevant authorities.

The JV benefits from NTT DATA’s many years of experience in agile software development and its excellent network in the local Romanian IT community. The new location in Romania is intended to support the BMW Group IT in Europe and drive forward IT-projects and innovations for production, development, human resources, sales and BMW Financial Services.

“With NTT DATA, we are relying on another strong partner that has an excellent network in a lively technology region and enables us to build up additional software competencies quickly and in a targeted manner. In collaboration with companies like NTT DATA we can establish strong IT hubs and thereby give an answer to the shortage of IT experts,” says Alexander Buresch, CIO and Senior Vice President of BMW Group IT.

“We are proud to announce our plans to open a new software development center for software solutions in Cluj-Napoca together with BMW Group. This collaboration aims to assist the carmaker in leading the digital transformation," says Maria Metz, CEO at NTT DATA Romania.

The JV is to be set up in Cluj-Napoca in Romania. The university town offers a strong ecosystem for innovation with solid entrepreneurship, startups and a high number of talents in the tech scene. This creates high potential for long-term growth of the JV. The JV is expected to employ around 250 software developers at the end of 2024 and plans to grow to a four-digit number of employees by 2027.

German multinational Bosch said it will establish a new legal entity, a new company named Bosch Global Business Services, in Timisoara, western Romania, where it will transfer approximately 1,400 employees from Bosch Service Solutions SRL.

"Bosch is expanding by establishing a new legal entity in Timisoara, Bosch Global Business Services SRL, a decision that will impact approximately 1,400 employees. The Global Business Services division will be transferred from Bosch Service Solutions SRL, a company present in Timisoara since 2007, to a new legal entity. This organizational change will not impact the working conditions of the transferred employees," the company stated in a press release.

Bosch Global Business Services is among the largest Shared Services centers in Eastern Europe. The division in Timisoara offers a range of administrative services, enhancing the efficiency of Bosch's internal operations. The controlling department in Timisoara manages a range of services, from financial data extraction, budget estimation and planning, to reporting to Bosch management. Additionally, the division provides financial, HR, and accounting services for the Bosch Group. Logistics and procurement are also handled from Timisoara, optimizing Bosch's supply chain operations. The entity also manages travel orders and reimbursement request processes. 
With over 10,000 employees worldwide, Bosch Service Solutions is an international provider of technology-based services. 
"We continue to heavily invest in expanding our service portfolio to cover all shared services areas and manage the complexity of tasks for established teams," said Martin Gladigow, General Manager of Bosch Global Business Services in Timisoara. 
Since 2007, Bosch Service Solutions in Timisoara has been providing services to the Bosch Group and the Romanian market. In 2010, the collaboration with Global Business Services began. At the end of last year, there were approximately 2,000 employees in the two entities in Timisoara.
The Bosch Group has been present in Romania for 29 years and has approximately 9,830 employees in six entities. In 2022, Bosch generated consolidated sales of EUR 512 million on the Romanian market. The total net sales value, including sales to unconsolidated companies and internal deliveries to affiliates, reached EUR 2.1 billion. 
The Bosch Group comprises Robert Bosch GmbH and its approximately 470 subsidiaries and regional companies in over 60 countries. At 136 locations worldwide, Bosch has approximately 85,500 associates engaged in research and development, nearly 44,000 of whom are software engineers.

Norwegian business services provider Norian has announced plans to expand its Lithuanian base. The company is looking to add at least 100 full-time specialists to its team in Vilnius over the next three years.
Oslo-headquartered Norian is one of the leading providers of Accounting, Payroll, and Intelligent Automation solutions in Northern Europe. Currently serving over 1,500 corporate clients across the continent, Norian helps companies in a wide range of industries to simplify their business and administrative processes. The company employs 600 specialists in 6 countries.
In 2005, Norian established a financial transactions center in Lithuania. Over time, both the center’s headcount and list of functions expanded considerably. Today, Norian has a 350-strong team in Vilnius, making the Lithuanian office the company’s largest.

Most of Norian’s team in Vilnius provide these services in Scandinavian languages, directly in contact with both end-customers and financial authorities in Scandinavia. The specialists can develop the necessary linguistic skills in the company’s in-house language school. Moreover, Norian has a strong RPA and ERP team in Vilnius, which ensures continuous improvement of processes and highly automated solutions for clients.
Currently, Norian is looking for Accounting, Payroll and IT specialists to join its growing Lithuanian team. In total, the company expects to hire at least 100 employees over the next three years.

NTT DATA, the German arm of renowned global IT innovator NTT Group, is joining forces with Lithuanian end-to-end IT consulting provider Reiz Tech supporting global market leaders to co-found LITIT. The joint venture will be looking to bring up to 100 specialists on board in its first year of operations, with plans for a strong expansion in the next few years.

The new company will be focused on providing IT consultancy and IT-based solutions, including custom software development, strategic IT consulting, and support for applications and data platforms. The DACH region will be its geographic focus and industries such as automotive, financial services, and logistics will be a strategic target.
Kristina Kikalienė, CEO of LITIT, cites the strong track record of collaboration between the two companies as the driving force behind establishing the joint venture.