Global Technical Group, an end-to-end building management solution provider in Romania, received a majority investment from Abris Capital Partners.
The amount of the deal – conditional upon securing clearance from the anti-monopoly authorities – was not disclosed.
Abris will partner with the two founders Mr. Fadi Rida and Mr. Mihai Stanescu to grow the operations of the Group and further expand in the region.
Global Technical Group is a technology and security integrator offering building management solutions complemented by proprietary software platforms (such as CAVI and Share Alert). Over the last two years, the company has more than doubled its revenue by providing blue-chip clients in sectors such as real estate, banking and retail with solutions to shift from traditional, physical systems to technology-enabled systems.
Global Technical Group is the eighth investment made by Abris as part of the €502m raised in the fall of 2017 from international investors for its third fund to support and develop interesting business projects in CEE.