Kinstellar has advised Foxway, a leading provider of sustainable technology solutions, on the acquisition of All Birotic Devices Trade & Service (ABD), a Romanian company specializing in the refurbishment of IT devices to premium standards.
The acquisition is an important part of Foxway’s regional expansion strategy, aimed at enhancing its capacity to meet the growing demand for high-quality, circular technology solutions across Europe. With the acquisition of ABD, Foxway strengthens its operational base in Romania, supporting its long-term goal of providing sustainable and top-performing tech solutions to businesses.
ABD has been operating in Romania for over two decades, specializing in refurbishing IT devices and offering services such as respraying and skinning to restore devices to premium quality.
Foxway, with this acquisition, solidifies its position as a key player in the European circular tech market. The company aims to meet the increasing demand for high-performance, sustainable tech solutions and is committed to reducing electronic waste, contributing to a more sustainable tech ecosystem in Europe.
Kinstellar’s team advising on the transaction was led by Zsuzsa Csiki (Partner, Co-Head of M&A/Corporate) and Mihai Stan (Managing Associate), with the wider transactional and due diligence team including Madalina Perte (Managing Associate), Andrada Popescu (Managing Associate), Cosmin Vasilescu (Senior Associate), Catalina Balus (Senior Associate), Dana Sarbu (Senior Associate), Rena Saftencu (Senior Associate), Teodor Lupu (Associate) and Theodor Artenie (Tax, Counsel). FDI and competition aspects were overseen by Catalin Graure (Counsel), with the help of Marc Barabas (Associate), Andreea Vladareanu (Junior Associate) and Cristina Costin (Junior Associate).