Delta Technologies Plc. and the owner of ARTOFINFO Ltd. signed a letter of intent to acquire 70 % shares of ARTOFINFO Ltd. The acquisition will provide both companies with further growth opportunities and increased professional competence while their operations remain unchanged. The transaction, which is closely aligned with Delta's strategy to strengthen application development, also provides a link to the recent acquisition of Robotizálunk Kft.
Following due diligence, Delta Technologies Plc and the owner of ARTOFINFO Ltd. signed a letter of intent to acquire 70% of the company. The agreement also provides for the possibility of a further increase of the shareholding. The closing of the transaction is conditional upon the signing of a sale and purchase agreement between the parties and the fulfilment of any closing conditions set out therein.
The current transaction is also an integral part of Delta's long-term growth strategy: on the one hand, it will further strengthen the market position of the Budapest Stock Exchange listed company, and on the other hand, it will serve as another milestone in the development of the Group's professional profile in the key areas of service-focused application development and digitalization.
Based in Budapest, ARTOFINFO Ltd. provides custom application development, low-code/no-code rapid development solutions, professional IT resource outsourcing, legacy systems migration and renewal in banking, insurance, healthcare and industry. Its customers are mainly European and domestic medium and large enterprises, with a turnover of HUF 855.6 million in 2024. ARTOFINFO Ltd. is one of the companies selected by the BSE for inclusion in the BSE50 in 2024, based on its growing turnover and EBITDA, export capacity and number of employees, in order to set an example of success on the domestic and international markets. The company has also been awarded the „Workplace to Love” prize on several occasions in recent years.
The services of ARTOFINFO Ltd. complement the portfolio of Delta Technologies and its latest acquisition, Robotizálunk Ltd., so the companies aim to further expand in both domestic and international markets by exploiting the planned synergies. Following the closing of the transaction, ARTOFINFO will continue to operate unchanged.
Digitalisation and application development are high on Delta Technologies' agenda for the future, as they are the foundation for the company's growth and competitiveness. By supporting acquisitions, Delta is able to develop a new business model and more efficient business processes that create higher added value for its customers, while promoting sustainable and profitable operations. This will also be supported by the strengthening of application development services through tailored solutions to help their partners in their digital transformation.
