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Press release of A1 in connection with the completion of the acquisition of STEMO
Sofia, 10.08.2022, A1 Bulgaria
The two companies will continue to work independently, but with a common goal – the digitization of business
A1 Bulgaria, part of A1 Group, has officially completed the acquisition of 100% of the share capital of one of the largest Bulgarian system integrators - STEMO. The deal was announced at the end of May and is part of A1's long-term strategy for development in the field of ICT and IoT business services.
The acquisition was finalized and is yet to be entered in the Commercial Register after receiving approval from the Commission for the Protection of Competition (CPC) at the beginning of July. With this, the process of finalizing the transaction ends successfully and both companies will continue to work separately to achieve a common goal - digitalization of business in the country. STEMO will continue to function as a separate company.
Over the past few years, A1 has pursued a strategy aimed at diversifying revenues outside of traditional telecommunications services, in which the company is the market leader in the country by revenue for 2021. A1 has been offering services in the field of system integration, Software as a Service, Infrastructure as a Service and cyber security solutions for several years now. The telecom has two of its own data centers in the country and the only national IoT network that uses the Narrowband-IoT technology standard.
The deal will lead to collaboration between the two companies' teams in the areas of system integration, network solutions, cybersecurity and protection services and software implementation. The common goal of A1 and STEMO is to achieve better results through synergy by offering more and even more complex and high-quality services to business clients.
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