Bittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 million on December 12, 2022. Dendrio Solutions will pay RON 13.6 million in cash and Bittnet Systems will issue shares of RON 5 million as consideration. The remaining 30% of Dataware will remain the property of the company's founders.

The transaction is subject to approval by the Competition Council. In 2021 Dataware Consulting recorded total revenues of RON 28 million and a gross profit of RON 3.5 million. The transaction is expected to close in the first half of 2023.

As of January 30, 2023, Romania Competition Council is reviewing this acquisition.