Adroit Infotech has entered into a non-binding agreement to acquire a majority equity stake in Verso Altima Group d.o.o., a business integrator and digital solutions provider headquartered in Zagreb, Croatia. The transaction aims to expand the company's global delivery footprint and strengthen its SAP capabilities.

The acquisition is structured without third-party debt. Funding will come from internal accruals, proceeds from a preferential issue, and a rights issue. Upon completion, the combined entity is projected to have an estimated revenue of $23-25 million (approximately ₹225-250 crore), driven by a combined employee strength of over 400 professionals.

Strategic synergies and operational model

The deal unifies Verso Altima’s European on-site front-end with the technical core of Adroit’s subsidiary, Verso Altima India Limited (VAI). This hybrid model integrates localized consulting with cost-effective offshore delivery. The combination establishes a global practice in SAP Billing and Revenue Innovation Management (BRIM) and advanced telecom engineering.

Verso Altima Group brings a standalone revenue of approximately €13 million. The integration allows for optimized resource utilization across four continents, leveraging VAI’s CMMI Level 3 certified workforce of over 250 SAP professionals.

Expansion of SAP and non-SAP capabilities

The acquisition amplifies the company's status as an elite SAP partner, opening avenues in:

• SAP Licensing and Sales: Expanding subscription-related opportunities.
• Systems Integration: Pursuing complex digital transformation engagements.
• Implementation and Consulting: Delivering advisory and modernization services.
• Managed Services: Expanding application support and optimization.
• Emerging Technologies: Accelerating adoption of SAP BTP, analytics, and AI solutions.

Beyond the SAP ecosystem, the deal diversifies engineering capabilities into Internet of Things (IoT) architectures, advanced networking, and telecom infrastructure design.

What the numbers show

The source discloses that Verso Altima Group contributes approximately €13 million to standalone revenue, while the combined entity projects $23-25 million. This indicates that Adroit Infotech’s existing revenue base constitutes a significant portion of the projected total, suggesting the acquisition adds substantial scale rather than just incremental growth. Furthermore, the funding mechanism relies entirely on internal accruals and equity issuance, avoiding leverage which preserves balance sheet flexibility during the integration phase.

Transaction details and status

The transaction remains subject to definitive Share Purchase Agreements (SPA), legal and financial due diligence, and regulatory approvals in India and Croatia. The nature of consideration is cash, though the final cost will be determined post-due diligence. The acquisition does not constitute a related party transaction as promoters have no interest in the target entity.

Adroit Infotech Limited board approved the appointment of trustees for its newly formed Employees Welfare Trust on October 3, 2026. This step formalizes the legal framework for administering the company's AIL ESOP-2023 scheme.

Trustee appointment and deed registration

The Board considered and approved the appointment of proposed Trustees for the Adroit Infotech Employees Welfare Trust. Directors noted their consent to act as Trustees, subject to applicable laws. The meeting also authorized the execution, stamping, and registration of the Trust Deed, Trust Rules, and Bye-Laws.

ESOP-2023 administration authorization

A key outcome was authorizing the Trustees to take necessary steps for the implementation and administration of AIL ESOP-2023 Scheme. This action is subject to Member approval and regulatory requirements. The Board adopted several policy documents to govern the trust:

• Trust Funding Policy
• Share Acquisition Policy
• Trust Administration Policy

Regulatory compliance and banking formalities

The Board authorized Trustees to obtain necessary registrations from the Registrar of Companies, Income Tax Department, Stock Exchanges, SEBI, and Depositories. This includes obtaining PAN and completing statutory formalities.

Additionally, the Board approved the opening of bank accounts in the name of "Adroit Infotech Employees Welfare Trust" with scheduled banks. Trustees are empowered to complete KYC and documentation requirements to operate these accounts in accordance with the Trust Deed.