Helinick, a Romanian company specializing in electronic security, fire safety, communications, and building management systems, has been acquired by Convergint, one of the world’s largest players in the safety and security systems industry. The transaction, finalized in July 2024, marks Convergint’s strategic entry into the Romanian market.
The sale was facilitated by a multidisciplinary team from Reff & Associates | Deloitte Legal and Deloitte Romania, providing comprehensive legal and tax support throughout the process. The team guided Helinick through every stage, from the framework agreement and due diligence analysis to the negotiation, signing, and implementation of the deal.
Key figures in the advisory team included Irina Dimitriu, Partner and leader of the real estate practice at Reff & Associates, alongside Senior Managing Associates Larisa Popoviciu and Silvia Axinescu. They were supported by specialists in various legal domains, including GDPR, intellectual property, competition, labor, and corporate law. Tax-related aspects of the transaction were overseen by Deloitte Romania’s Tax Partner, Alexandra Smedoiu.
“This transaction is a milestone in the safety and security systems sector, reflecting the growing importance of the Romanian market in Convergint’s regional expansion strategy,” said Irina Dimitriu.
Convergint, known globally for its expertise in designing and delivering electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems, operates in over 220 locations worldwide with more than 10,000 employees. The company generates annual revenues of $2.5 billion, highlighting its significant global footprint and industry leadership.
