London, February 2023
Noventiq (LSE: SFTL), the global digital transformation and cybersecurity solutions and services provider, announces today that the acquisition of the majority stake of Saga Group has been officially closed.
In September 2022, Noventiq signed an agreement to acquire Saga Group. The transaction strengthens Noventiq’s presence in Eastern Europe as well as opening other markets such as Serbia, Montenegro, Bosnia and Herzegovina, and North Macedonia.
Saga Group, and all its subsidiaries, will continue to operate under its existing brand while incorporating the ‘a Noventiq company’ into its logo. The group, which will maintain its headquarters in Belgrade, will also be retaining its employee base as well as continue being led by its current management team, and the President of Saga Supervisory Board, Dejan Popovic.