Fortech, a GlobalLogic Company Announces Merger Completion
01 February 202401 February 2024 | News
Fortech to now officially operate in Romania as GlobalLogic.
Cluj-Napoca, Romania, February 1, 2024 – Fortech, one of Romania’s largest leading digital engineering companies, announced today the merger completion with GlobalLogic, a Hitachi Group Company and digital engineering leader, now officially becoming GlobalLogic Romania.
As a result of this merger, Fortech, a GlobalLogic company, will operate in Romania as GlobalLogic, and the brand integration will be completed in the following period. In accordance with the terms of the definitive agreement signed in November 2022, GlobalLogic will finalize the complete integration of Fortech into the GlobalLogic group of companies over the course of the next few months.
“Over the past two decades, we have not only established a company but also forged a reliable alliance as a technology partner for both our customers and collaborators,” said Călin Văduva, former CEO of Fortech and now Senior Vice President and GDU Head for the new Group Delivery Unit at GlobalLogic’s team in Romania. “With confidence in our expansion and a shared dedication to customer success, we aim to lay a robust foundation for our clients to construct their digital future. Our commitment is to consistently provide them access to a comprehensive range of services, facilitating a swift transition into the digital businesses of tomorrow with GlobalLogic’s profound expertise in global markets.
While we cannot predict the future, we approach the next chapter with enthusiasm, embracing the opportunities that lie ahead for our customers, technology, colleagues, and partners.”
This acquisition further strengthens the GlobalLogic presence in Europe, positioning the company as a high-performance tech leader in the Romanian tech market with more than 1200 team members (77% Mid, Senior & Expert roles) and operations in 5 locations in Romania (Cluj-Napoca, Oradea, Brasov, Iasi, and Bucharest). From last year’s completed transaction to date, the end-to-end software services and experienced engineers of Fortech have been and continue to enhance GlobalLogic’s technical abilities. Additionally, GlobalLogic Romania SRL complements GlobalLogic’s industry-focused solutions, which include frameworks supporting the automotive, healthcare, industrial manufacturing, media & communications, and financial software sectors.
“Today’s announcement marks the successful integration of Fortech, a GlobalLogic company, with GlobalLogic in Romania. It significantly accelerates our strategy designed to establish a wider European footprint while allowing us to better serve our customers worldwide from a delivery perspective.
We are very excited to mark this important milestone in our joint journey, and considering that Fortech has already positioned itself for the last two decades as a reliable tech partner for companies across Europe and the US, we are looking forward to exploring together the opportunities we see ahead.” Igor Byeda, Group Vice President and Head of Europe, GlobalLogic.
With the formal establishment of GlobalLogic Romania SRL, we embark on a journey of seamless brand integration, marking the beginning of a new era for our combined entities.
Additional Merger Details
Following a period of strategic realignment and merging departments, roles, and reporting structures, in connection with the closing of the transaction, the Delivery organization in Romania will be formalized further under a Group Delivery Unit structure led by Călin Văduva, former CEO of Fortech, a GlobalLogic company, in the capacity of the Group Delivery Unit (GDU) Head in GlobalLogic. This formation will be the 4th Group Delivery Unit in the EMEA Region, and it’s expected to broaden organization development, setting the proper stage for Romania to become an important growth vector for GlobalLogic in the EMEA Region.
The new entity will operate efficiently, effectively, and in alignment with GlobalLogic’s strategic goals and objectives under a new legal name: GlobalLogic Romania SRL.
On November 21st, 2022, GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, announced that it had signed a definitive agreement to acquire Fortech. On February 7th, 2023, GlobalLogic announced that it had completed the acquisition of Fortech. On January 1st, 2024, the legal merger of Fortech was completed. Starting February 1st, 2024, Fortech, a GlobalLogic company, will fully switch to the GlobalLogic brand and will operate in Romania as GlobalLogic.
About Fortech, a GlobalLogic company
Fortech, a GlobalLogic company is a software services company whose technical expertise spans various sectors, from automotive and finance to healthcare and more. Fortech, a GlobalLogic company covers the end-to-end software lifecycle development to deliver the innovation, scalability, quality, and speed of its customer’s needs. The company’s approach to software engineering combines robust technology and process know-how, Agile delivery methods, and a blend of code quality practices and metrics refined throughout two decades of operation.
The business value of Fortech, a GlobalLogic company, is evidenced by its growing membership, its robust financial performance, and the awards and recognition offered by international entities. Latest accolades include receiving Deloitte’s Best Managed Companies in Romania certification, being selected by Bosch in its Preferred suppliers network, being ranked by IAOP in its Global Outsourcing 100, and being listed by Catalyst as Employer of choice in Romania for two consecutive years.
About GlobalLogic
GlobalLogic is a leader in digital engineering that helps brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise, GlobalLogic helps its customers imagine what’s possible and accelerate their transition into tomorrow’s digital businesses.
Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers worldwide, extending their deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business.
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