The founders of Simtel Team have sold a 5% stake to Dedeman (Paval Holding)

The founders of Simtel Team have sold a 5% stake in the company to Dedeman (Paval Holding).

Simtel Team is an eco-engineering company founded in 2010 by three graduates of the Faculty of Electronics and Telecommunications – Iulian Nedea, Sergiu Bazarciuc and Radu Vilău. The company operates in three business areas: renewable energy, telecommunications and automation, delivering projects both in Romania and abroad for each business line. The main services provided by Simtel are turnkey construction and maintenance for photovoltaic parks, turnkey services for the construction of mobile communications networks for telecommunications operators, and automation of industrial processes through automated production lines, electric drives and industrial robots.

Paval Holding is the investment vehicle controlled by Dragos and Adrian Paval, the founders of the leading Romanian DIY retailer Dedeman.

Oaklins’ team in Romania acted as the sole advisor to Simtel Team’s shareholders, assisting in the preparation of the sale process as well as structuring, pricing and closing.