Adroit Infotech Plans Majority Stake Acquisition in Croatia's Verso Altima Group

Adroit Infotech Announces Proposed Acquisition of Croatian Technology Company

Adroit Infotech Limited has entered into a non-binding agreement to acquire a majority equity stake in Verso Altima Group d.o.o., a technology integration and digital solutions company headquartered in Zagreb, Croatia.

The Indian IT services company announced the proposed transaction on October 16, 2026, outlining plans to expand its international operations, strengthen its enterprise software capabilities and establish a larger presence in European technology markets.

The acquisition is expected to bring together Adroit Infotech's existing technology services business and Verso Altima Group's European customer relationships, consulting operations and telecommunications engineering expertise.

Following successful completion, the combined business is projected to generate annual revenue of approximately $23 million to $25 million, equivalent to roughly ₹225 crore to ₹250 crore under the company's stated estimates.

The proposed combination would also create an organisation employing more than 400 professionals.

Verso Altima Group currently generates standalone annual revenue of approximately €13 million.

Adroit Infotech plans to finance the acquisition through internal accruals, a preferential equity issue and proceeds from a rights issue, without relying on third-party debt.

However, the agreement is preliminary and non-binding. The acquisition remains subject to financial and legal due diligence, definitive transaction documents, corporate approvals and regulatory clearances in India and Croatia.

Key Highlights of the Proposed Acquisition

The proposed transaction represents a significant international expansion initiative for Adroit Infotech, but its financial and operational benefits will depend on successful completion and integration.

Verso Altima Group Brings Established European Operations

Verso Altima Group is a Croatia-based business integrator specialising in digital solutions, enterprise technology and telecommunications infrastructure.

Headquartered in Zagreb, the company operates in technology services involving enterprise systems, application integration and network engineering.

Its business provides Adroit Infotech with an opportunity to strengthen its presence in continental Europe.

The target company's existing relationships and regional delivery capabilities could help the Indian company pursue contracts requiring local consulting, implementation and ongoing technical support.

Verso Altima Group's annual standalone revenue of approximately €13 million represents a substantial addition to Adroit Infotech's existing business scale.

However, revenue contribution after acquisition will depend on the final ownership structure, consolidation arrangements and completion date.

The transaction is designed to combine complementary technology capabilities rather than establish an entirely new operating business.

Combined Revenue Expected to Reach $23–25 Million

Adroit Infotech estimates that the proposed acquisition could increase the combined business's annual revenue to approximately $23 million to $25 million.

The company has indicated an equivalent revenue range of roughly ₹225 crore to ₹250 crore.

The estimate reflects the potential contribution from Verso Altima Group and Adroit Infotech's existing operations.

The target's standalone revenue of approximately €13 million is significant relative to the projected combined revenue.

This indicates that the acquisition could materially change the scale and geographic composition of Adroit Infotech's business.

However, the projected figures are not confirmed post-acquisition financial results.

They remain dependent on successful transaction completion and the performance of the combined operations.

Investors will need to assess the final acquisition consideration, profitability of the target business and expected integration costs before determining the transaction's financial impact.

Acquisition to Strengthen SAP Consulting Business

A central objective of the proposed acquisition is to expand Adroit Infotech's capabilities in SAP enterprise technology services.

The company operates in areas involving SAP implementation, consulting, integration and application support.

The proposed combination is expected to strengthen its position in SAP Billing and Revenue Innovation Management, commonly known as SAP BRIM.

SAP BRIM is used by enterprises to manage complex billing, subscription arrangements, charging models and revenue processes.

These capabilities are relevant to telecommunications companies, digital service providers, utilities and other businesses managing high volumes of customer transactions.

The acquisition would combine Verso Altima Group's European market presence with the technical capabilities of Adroit Infotech's existing subsidiary, Verso Altima India Limited.

The resulting structure is intended to support larger and more complex technology projects.

SAP BRIM Becomes a Strategic Growth Area

SAP BRIM supports enterprises that operate sophisticated billing and revenue management systems.

Its applications include subscription billing, usage-based charging, invoicing and revenue-related processes.

Telecommunications operators, for example, may use such systems to manage complex customer plans and recurring charges.

Utilities and digital service businesses can also require flexible billing arrangements.

Adroit Infotech expects the proposed acquisition to expand its ability to deliver consulting, implementation and managed services across these applications.

The combination could provide access to additional enterprise customers and larger transformation programmes.

However, future contract wins will depend on commercial execution, customer demand and competition from established technology service providers.

The transaction does not guarantee any specific revenue from new SAP projects.

Verso Altima India to Support Global Delivery Model

Adroit Infotech's existing subsidiary, Verso Altima India Limited, is expected to play an important role in the proposed integration.

The Navi Mumbai-based subsidiary has more than 250 SAP professionals.

It operates with CMMI Level 3 certification and participates in the SAP PartnerEdge ecosystem.

The subsidiary provides technical services, enterprise software implementation and proprietary technology solutions.

Under the proposed operating model, Verso Altima Group's European teams would manage customer-facing consulting and regional engagement.

The Indian subsidiary would provide technical implementation, development and delivery support.

This structure is intended to combine local customer relationships with scalable offshore delivery capabilities.

Such arrangements are widely used in the IT services industry to improve resource utilisation and project economics.

The success of the model will depend on effective coordination between regional teams, consistent service quality and integration of operating processes.

European Expansion Creates New Market Opportunities

The proposed acquisition would establish a stronger operational base for Adroit Infotech in continental Europe.

European enterprises continue to invest in digital transformation, enterprise software modernisation and telecommunications infrastructure.

Local market presence can be important when customers require on-site consulting, regulatory understanding and ongoing technical support.

By acquiring an established European business, Adroit Infotech could gain access to relationships and delivery capabilities that would otherwise take time to develop organically.

The transaction may also support cross-selling of services between existing Indian operations and European customers.

However, international expansion introduces additional business risks.

These include currency fluctuations, differences in employment regulations, taxation, contractual obligations and operating costs.

The company will need to manage these factors as part of the integration process.

Hybrid On-Site and Offshore Model Targets Higher Efficiency

Adroit Infotech plans to combine Verso Altima Group's European consulting operations with its Indian technical delivery capabilities.

The model is intended to provide customers with local engagement while using offshore resources for implementation and ongoing services.

European teams would focus on customer relationships, project requirements and regional delivery coordination.

Indian teams would support software development, SAP implementation, technical engineering and application management.

This arrangement could improve project scalability and resource utilisation.

It may also allow the combined business to compete for larger contracts requiring both local and offshore capabilities.

However, potential cost efficiencies should not be treated as realised financial benefits.

The actual impact on profitability will depend on employee utilisation, contract pricing, integration expenses and the mix of services delivered.

Acquisition Expands Telecom Engineering Capabilities

Beyond SAP consulting, Verso Altima Group brings expertise in telecommunications technology and systems integration.

Its capabilities include network engineering, application infrastructure and telecommunications-related software solutions.

The acquisition is expected to broaden Adroit Infotech's exposure to projects involving advanced networking and telecom infrastructure.

Telecommunications operators increasingly require integration between network systems, customer management platforms and enterprise billing applications.

This creates opportunities for technology companies capable of delivering services across multiple systems.

The proposed combination could enable Adroit Infotech to offer a broader portfolio to telecommunications customers.

However, the size of the commercial opportunity will depend on customer acquisition, competitive positioning and project execution.

Internet of Things and Advanced Networking Add Diversification

The proposed acquisition also supports expansion into technology areas beyond traditional SAP services.

These include Internet of Things architectures, advanced networking and customised software engineering.

IoT systems connect physical devices, sensors and equipment to digital networks.

Businesses use these technologies for monitoring, automation, data collection and operational management.

Advanced networking services support the infrastructure required to connect enterprise applications, devices and communications systems.

By combining these capabilities with existing enterprise software expertise, Adroit Infotech aims to offer more integrated technology solutions.

The diversification could broaden the company's potential customer base.

However, emerging technology markets are competitive and often require sustained investment in specialised talent and technical capabilities.

Proprietary Products Could Support Cross-Selling

Verso Altima India has developed proprietary technology products intended for enterprise customers.

Its portfolio includes VAI 360 CRM, VAI Check Box and VAI IntelHubX.

These products support different aspects of enterprise operations and digital transformation.

The proposed acquisition could create opportunities to introduce these solutions to customers served by Verso Altima Group in Europe.

Potential markets include telecommunications, media, utilities, retail and transportation.

Cross-selling proprietary software alongside consulting and implementation services can help IT companies diversify revenue.

However, adoption will depend on product suitability, customer requirements and commercial agreements.

The acquisition announcement does not establish any guaranteed licensing revenue or product sales.

Acquisition Funding to Avoid Third-Party Debt

Adroit Infotech plans to finance the proposed transaction without taking on third-party acquisition debt.

The company has identified three funding sources: internal accruals, proceeds from a preferential equity issue and proceeds from a rights issue.

Internal accruals represent funds generated through the company's existing operations.

A preferential issue involves issuing securities to selected investors in accordance with applicable regulations.

A rights issue offers eligible existing shareholders an opportunity to subscribe to additional shares under specified terms.

The funding structure is intended to limit reliance on external borrowing.

However, equity financing can affect the company's ownership structure and earnings per share.

The financial implications will depend on the final acquisition consideration, issue prices and number of new shares.

The company has not yet finalised the purchase price.

Shareholder Dilution Remains an Important Consideration

Although avoiding third-party acquisition debt can reduce financing obligations, equity issuance introduces other considerations.

A preferential issue may increase the number of outstanding shares.

This can dilute the percentage ownership of existing shareholders who do not receive or acquire a proportionate allocation.

A rights issue allows eligible shareholders to participate, but those who do not subscribe may also experience dilution.

The actual effect will depend on the terms of the proposed fundraising.

Investors will need to evaluate the acquisition's expected earnings contribution against any increase in the company's equity base.

A transaction can increase total revenue while delivering a smaller improvement in earnings per share if substantial new equity is issued.

The final fundraising structure will therefore be an important part of the transaction's financial assessment.

Final Acquisition Price Yet to Be Determined

Adroit Infotech has not disclosed a definitive acquisition consideration.

The company has indicated that the purchase price will be determined following financial due diligence and further negotiations.

The proposed consideration is expected to be paid in cash.

The final valuation will be important because it will determine the amount of capital required and the financial returns expected from the acquisition.

Investors will assess the purchase price relative to Verso Altima Group's revenue, profitability, cash generation and growth prospects.

The target's reported annual revenue of approximately €13 million provides an indication of business scale.

However, revenue alone is insufficient to establish an appropriate acquisition valuation.

Profitability, customer concentration, debt, working capital and contractual commitments will also influence the assessment.

Transaction Remains Subject to Due Diligence and Regulatory Approvals

The acquisition has not been completed.

The agreement announced on October 16 is non-binding and establishes the preliminary framework for the proposed transaction.

Several steps remain before ownership can be transferred.

These include satisfactory financial and legal due diligence, negotiation and execution of definitive share purchase agreements, necessary board authorisations and applicable regulatory approvals.

Approvals may be required in India and Croatia.

The completion timetable has not been definitively established.

Due diligence could also result in changes to the transaction structure, purchase price or other terms.

There is no guarantee that the proposed acquisition will close on the terms currently outlined.

Investors should therefore distinguish between the announced acquisition proposal and a completed overseas investment.

Deal Is Not Classified as a Related-Party Transaction

Adroit Infotech has stated that the proposed acquisition does not constitute a related-party transaction.

The company has indicated that its promoters do not have an interest in the target entity.

This distinction is relevant to corporate governance and regulatory disclosure requirements.

Related-party transactions can require additional scrutiny because of potential conflicts of interest.

However, the absence of a related-party classification does not eliminate the need for commercial due diligence and appropriate corporate approvals.

The company will still need to establish that the transaction terms are financially and strategically justified.

Adroit Infotech Shares Gain Following Acquisition Announcement

Adroit Infotech shares attracted buying interest following the announcement of the proposed overseas acquisition.

The stock rose approximately 5% during trading on October 19, 2026.

The movement reflected investor interest in the company's potential expansion into European technology markets and the expected increase in consolidated revenue.

However, the market reaction should not be interpreted as confirmation of the acquisition's future profitability.

The final purchase price, fundraising structure and integration costs remain unresolved.

Share prices can also be influenced by broader market conditions, liquidity and investor expectations.

The sustainability of the market response will depend on subsequent transaction disclosures and financial performance.

Strategic Benefits and Execution Risks

The proposed acquisition offers several potential strategic benefits for Adroit Infotech.

It could expand the company's international customer base, strengthen SAP consulting capabilities and create a larger global delivery organisation.

The transaction may also provide access to telecommunications engineering and advanced networking expertise.

However, the expansion introduces execution risks.

Integrating companies across countries can involve differences in management practices, technology systems and employee structures.

The company must also manage customer relationships during the transition.

Financial risks include the final acquisition price, equity dilution, working capital requirements and the profitability of the target business.

Currency movements could affect consolidated financial results because the combined business would generate revenue and incur expenses across multiple markets.

Successful integration will require disciplined management of these factors.

What Investors Should Monitor Next

The next major development will be the completion of due diligence and execution of a definitive share purchase agreement.

Investors will then be able to assess the final ownership percentage, acquisition consideration and payment arrangements.

The proposed preferential issue and rights issue will also require attention.

Their terms will determine the amount of new equity raised and the potential effect on existing shareholders.

Additional financial disclosures about Verso Altima Group, including profitability and cash flows, would help clarify the acquisition's expected contribution.

Regulatory approvals and the anticipated completion timetable will be important.

Following completion, investors will monitor revenue consolidation, operating margins, customer retention and integration costs.

The central question will be whether the acquisition generates sustainable earnings growth rather than simply increasing reported revenue.

Conclusion

Adroit Infotech's preliminary agreement to acquire a majority stake in Croatia-based Verso Altima Group represents a significant step in its international expansion strategy.

The proposed transaction would combine an established European technology integration business with Adroit Infotech's existing SAP consulting and technical delivery operations in India.

The combined organisation is projected to generate annual revenue of approximately $23 million to $25 million and employ more than 400 professionals.

The acquisition is intended to strengthen SAP BRIM services, expand telecommunications engineering capabilities and create opportunities in IoT, advanced networking and enterprise software solutions.

Adroit Infotech plans to finance the transaction through internal accruals and equity issuance rather than third-party debt.

However, the acquisition remains non-binding, and the final purchase price has not been determined.

Completion will depend on due diligence, definitive agreements and regulatory approvals.

The transaction's long-term value will ultimately depend on successful integration, sustainable profitability and the company's ability to convert its expanded international presence into stronger earnings.