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Tuesday, March 29, 2005
Business in Romania blog
The U.S. IT supplier Ness Technologies said it would take over the Romanian company Radix on April 10 this year for 4 million euros, in a move to expand its network in Central and Eastern Europe.

Following the purchase, the local firm will change its name to Ness Romania.

The U.S. investor will pay an additional 3 million euros if Radix achieves its financial targets for the next couple of years.

Posted by Iulia Rasoiu : 3/29/2005 09:44:00 am U.S. firm buys Radix in 4m euro deal


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