Polish technology group Euvic Group has signed a letter of intent to acquire an initial 51% stake in Yalos Labs, a Romanian software provider headquartered in Bucharest, according to information published by Forbes.
The majority stake will be acquired from the company’s founder, Radu Laurențiu Ialovoi, in exchange for an unspecified package of newly issued shares within the Polish group. The transaction is expected to be finalized in March, after which Yalos Labs will be rebranded as Euvic Romania.
Euvic also secured the option to acquire the remaining shares in two additional stages, scheduled for March 2028 and March 2029. At each stage, the group may choose to finance the additional acquisitions either through issuing its own shares or via cash payment.
Read also: Wayve secures Nvidia and Microsoft backing in $1.2 billion round, reaches $8.6 billion valuation
Yalos Labs performance and Euvic’s expansion
Founded in 2010, Yalos Labs specializes in custom software development for clients in Western Europe. In 2024, the company reported revenues of RON 14.08 million, up from RON 13.96 million in 2023. Net profit increased to RON 2.43 million, compared to RON 2.4 million the previous year. The company employs around 50 people.
Established in 2005, Euvic has grown from an IT firm with eight employees in Gliwice into a group comprising over 30 companies active across Europe, the US and the Middle East. In 2024, the group reported revenues of nearly $558 million and more than 6,300 employees.
Earlier this year, Euvic completed the reverse takeover of EO Networks, listed on Warsaw’s NewConnect alternative market, debuting with a market capitalization of approximately PLN 800 million (around EUR 191 million).
Photo: dev.ua
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