Deloitte Legal-affiliated firm Reff & Associates has advised Smart ID Technology on the acquisition of a majority stake in AB Systems. EY Law's affiliate law firm Bancila, Diaconu si Asociatii reportedly advised the sellers.
The transaction remains contingent on regulatory approval.
Smart ID Technology is part of the Sarmis Capital portfolio and is a specialist in process automation.
AB Systems is a manufacturer of durable barcode labels and RFID smart labels, serving companies in the automotive, logistics, and retail sectors.
The Reff & Associates team included Partner Georgiana Singurel, Senior Managing Associates Stefan Caramida and Andrea Grigoras, Senior Associates Elena Costescu and Diana Ivan, and Associate Maria Marin.
