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Tuesday, March 29, 2005
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
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