GlobalLogic Inc., a Hitachi Group company and Digital Engineering major firm, announced that it has signed a definitive agreement to acquire Fortech, a renowned software engineering services company based in Romania.
Headquartered in Cluj-Napoca, Fortech has applied its deep technical capabilities to hundreds of clients and more than 1,000 digital projects throughout nearly two decades of operation — a track record that has ultimately positioned the company as one of Romania’s largest leading independent digital engineering firms.
Fortech
With 1,100+ people, Fortech operates out of four cities in Romania to support top-tier clients
With 1,100+ people, Fortech operates out of four cities in Romania to support top-tier clients across a wide range of industries. These achievements and capabilities will help GlobalLogic further expand its customer and talent base, as it aims to address the robust global demand for digital transformation (DX).
Additionally, Fortech’s seasoned experts will bring valuable technical and domain experience, along with strong relationships across European markets and marquee clients.
GlobalLogic acquires Fortech
“Fortech is a major firm with proven track record and specialization in technology that is needed for digital evolution,” stated Nitesh Banga, the President and Chief Executive Officer (CEO) of GlobalLogic.
Nitesh Banga adds, “This acquisition will further enhance GlobalLogic’s presence in Europe, and accelerate our access to the rich technical talent in Romania; it will arm Fortech with the resources and strong backing of GlobalLogic and Hitachi. We are excited to welcome Fortech and their talented people to the GlobalLogic family.”
Fortech delivers full-spectrum digital engineering services
Founded in 2003, Fortech delivers full-spectrum digital engineering services, including Architecture Design, Software Development, DevOps, Quality Assurance, and Data Analytics. The company has successfully architected, built, and maintained products for clients across numerous industries with a focused specialization in Cloud, IOT, and SaaS.
Fortech holds deep domain experience in six key high growth verticals: Automotive, Banking/Finance, Healthcare, Manufacturing, Professional Services, and Technology/Media/Telecom.
GlobalLogic and Fortech partnership
Fortech’s coverage of key industries and technologies is an incredible match for GlobalLogic
Fortech’s coverage of key industries and technologies is an incredible match for GlobalLogic. Fortech’s successes have led to it being recognized as one of the 2022 Best Managed Companies in Romania in the first edition of Deloitte’s Romania program.
“We’re proud of our legacy, which is based on helping companies realize the power of transformative digital solutions,” said Calin Vaduva, the Chief Executive Officer (CEO), Fortech, adding “Joining forces with GlobalLogic, backed by Hitachi, takes our reach to a whole new level. Additionally, finding a partner that shares our cultural values with a strong emphasis on people, customers, and societal benefit is extremely gratifying.”
GlobalLogic expands European footprint with acquisition
GlobalLogic’s investment in Fortech is part of a multi-year strategy designed to establish a wider European footprint, while enabling it to better serve its customers worldwide from a delivery perspective.
This acquisition will further enable GlobalLogic to augment Hitachi's strengths in Information Technology (IT), Operating Technology (OT), and Products, and accelerate its growth helping expand the Lumada business.
Transaction subject to customary regulatory approval
Terms of the transaction were not disclosed. Under the agreement, Fortech will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic.
The transaction is subject to customary regulatory approval and is expected to close by the end of Calendar Q4, 2022.
