Investment fund SARMIS Capital has announced the acquisition of Total Technologies, a leading Honeywell industrial automation technology integrator in Central and Eastern Europe. This strategic move, conducted through its portfolio company Smart ID Technology, enhances Smart ID’s capacity to provide advanced technology solutions across industries such as retail, manufacturing, logistics, and distribution. This acquisition marks Smart ID’s second major transaction following its 2022 purchase of Romanian ERP software leader Sceptrum. Subject to Competition Council approval, the deal creates an integrated entity of over 180 highly skilled specialists with a combined turnover exceeding €35 million. The integration of Total Technologies aligns with SARMIS Capital’s strategy of fostering growth in its portfolio companies. Smart ID Technology and Total Technologies will leverage their synergies to enhance solution offerings and expand their market footprint in the industrial automation and data capture space. “This acquisition supports our goal of building a regional leader in automation and data capture solutions,” said Cezar Scarlat, Managing Partner at SARMIS Capital. “It also marks a decisive step in our larger strategy, with a budget of €20-30 million allocated for acquisitions across Central and Eastern Europe. Together, Smart ID and Total Technologies will create significant value for customers, employees, and partners, further strengthening our competitive position.” Giani Iancu, CEO of Total Technologies, welcomed the acquisition: “Joining SARMIS Capital and Smart ID Technology is a natural evolution for us. This partnership will enable us to expand our capabilities and deliver even more innovative solutions to our customers.” Daniel Boangiu, CEO and founder of Smart ID, added: “With this integration, we reinforce our position as an independent regional leader, diversify our solutions, and gain the expertise of the Total Technologies team. We are excited to have Giani Iancu continue with us, contributing operationally and strategically to strengthen relationships with customers and suppliers.” The acquisition was supported by a team of legal, financial, and strategic advisors: For Smart ID: bpv Grigorescu Ștefănică (legal), Path2Capital (strategic), TS Partners (financial), Dobrinescu Dobrev Tax Advisory (tax). For Total Technologies: Daniel Vutcanu (legal), Mihai & Co. Business Lawyers (legal). Photo: Iulia Dragomir, Partner at bpv GRIGORESCU STEFANICA