bpv GRIGORESCU STEFANICA advised SARMIS Capital on the Strategic Acquisition of Total Technologies to Consolidate Smart ID’s Position as Market Leader in Technology and Industrial Automation
SARMIS Capital has announced the acquisition of Total Technologies, one of the most prominent Honeywell technology integrators for industrial automation in Central and Eastern Europe. The acquisition is carried out through Smart ID Technology, a SARMIS Capital portfolio company, and strengthens its ability to deliver complex technological solutions in retail, manufacturing, delivery, logistics, and distribution. 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.
The transaction marks a significant step in SARMIS Capital’s strategy to support the growth of its portfolio companies. The synergies between Smart ID and Total Technologies will drive the formation of an integrated structure, bringing together over 180 highly skilled specialists capable of delivering innovative and customized solutions. The combined turnover will exceed €35 million.
“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 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 automation and data capture solutions market,” 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. We are confident that the partnership between Smart ID and Total Technologies will create significant value for the clients and employees of the companies in our portfolio, while counting on the support of blue-chip partner-vendors. We are also pleased that Giani Iancu will remain with us, with his role expanding to the Board of Directors level in the new consolidated structure. Moreover, through the jointly designed partnership structure, we feel strongly aligned in our vision for a shared future.“
Consultants involved in this transaction:
For Smart ID Technology: bpv Grigorescu Ștefănică (legal), Path2Capital (strategic advisor), TS Partners (financial), Dobrinescu Dobrev Tax Advisory (tax)
For Total Technologies: Daniel Vutcanu (legal), Mihai & Co. Business Lawyers (legal)
Smart ID Technology was assisted by a multi-disciplinary team of lawyers from bpv GRIGORESCU STEFANICA, who provided comprehensive advice at all transaction stages, including due diligence, drafting and negotiation of the transaction documents. The team was coordinated by Iulia Dragomir, Partner (Corporate, M&A, Tax) and included Cristina de Jonge, Partner (Commercial, Competition), Denisa Kopandi, Senior Associate (Commercial, Competition), Andreea Lupșa, Senior Associate (Employment), Matei Tomi (Corporate, M&A), Mădălina Dimache (Real Estate), as well as other team members for the relevant areas of due diligence and transaction advisory. Previously, bpv Grigorescu Ștefănică advised the founders of Smart ID Technology in connection with SARMIS Capital’s investment in Smart ID Technology and assisted with Smart ID Technology’s acquisition of the integrated software solutions provider Sceptrum.
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About Smart ID Technology is one of the leading local technology providers, with over 14 years of experience in delivering integrated solutions that combine software, hardware, and automation, tailored to companies aiming to optimize costs and increase productivity. With a performance-oriented approach, the company serves industries operating in complex and dynamic environments, such as retail, logistics, and manufacturing, offering critical business solutions to streamline processes and improve operational workflows. Whether it involves implementing high-performance equipment, developing software tailored to specific requirements, or automating critical processes, the company’s mission is to deliver solutions that create real and sustainable value for its partners. https://www.smartid.ro/
About Total Technologies is one of the leading business consultants and integrators of customized digital solutions, with over 30 years of experience in the Romanian technology market. The company focuses on integrating specialized solutions and the complete process of automatic data collection and processing for industries such as retail, manufacturing, courier services, logistics, and distribution, aiming to streamline operational workflows and reduce costs. Total Technologies is an official Honeywell Platinum Elite Partner, Honeywell Voice Partner, and the only authorized Honeywell Center of Excellence in Romania. Additionally, the company has established strategic partnerships in the fields of autonomous and industrial robots, specialized software, and other related solutions essential to the industries it serves. In 2021 and 2022, the company was awarded the title of “Solution Partner of the Year” at the “Partner Kickoff Event” organized by Honeywell. https://www.totaltech.ro/
About SARMIS Capital is an independent private equity fund established in 2019, focused on investments in Central and Eastern Europe. It is the largest fund of this type raised in Romania by a local team. SARMIS brings not only financial capital to its portfolio companies, but also significant strategic, operational, and consolidation expertise. In addition to Smart ID Technology, SARMIS Capital’s portfolio includes MG-Tec Industry, BMF Grup, and Corporate Office Solutions. https://www.sarmiscapital.com
