Bucharest, 04.09.2024
Realworld Systems, one of the key players on automation and software integration solutions in the GIS (Geographic Information System) sector for local and international market, announces the acquisition of a 75% majority stake in the American company Field Consulting and Services, Inc. (FCSI), a recognized provider of customized solutions for the Smallworld platform, serving telecommunications and electricity operators in the United States. This transaction marks an important step in Realworld Systems’ strategy to expand its presence in the US market, with the Group estimating that the new subsidiary will generate at least 10% of total revenues next year.
The acquisition of FCSI represents a significant first step in the extraordinary growth of Realworld Systems, and the fact that we can build on the solid foundation already established by Mark Field and his team ensures a natural continuity, enhanced by our global resources and expertise. At Realworld Systems, we emphasize people, and one of the factors that motivated this acquisition was the exceptional human quality of FCSI’s management. We aim to gradually build our presence in the United States market, where we are confident that we will bring added value through our integration, operational intelligence, and automation solutions,” said Bogdan Hebean, CEO of Realworld Systems.
The transaction will be completed by the end of 2024, following the conclusion of the already initiated due diligence process, during which the foundation for an intellectual property integration plan, as part of the acquisition, will also be laid.
“We are excited to join Realworld Systems and become part of a global team of dedicated professionals. I am confident that this transition will bring new opportunities for FCSI, as I am certain we can bring together common efforts and perspectives focused on the growth of both companies,” added Mark Field, Partner Developer at Field Consulting & Services, Inc.
Realworld Systems will continue its expansion strategy on international markets in the coming period, with the goal of strengthening its global presence. In this regard, the solutions integrator is already in discussions for a new acquisition that will significantly enhance the Group’s operations, noted Bogdan Hebean.
About Realworld Systems
Realworld Systems is a Dutch holding company established in 1997, with a presence in the Netherlands, the United Kingdom, Germany, Hungary, Romania, South Africa, Indonesia, Australia, and the USA. The company provides professional services and integration solutions for organizations that develop and operate networks and infrastructures for geographically distributed services, such as telecommunications, water supply and sewage, and the transmission and distribution of electricity and gas. The company’s portfolio includes a wide range of services, from strategic consulting and GIS system implementation to custom software development and complex solution integration. These services are designed to support companies in efficiently managing critical infrastructure, offering increased visibility and control over their operations.
About Field Consulting and Services, Inc.
Field Consulting and Services, Inc. (FCSI), founded in 2001 by Mark Field, is a provider of consulting services, software development, training, and data conversion, specializing in the use of the Smallworld™ Core Spatial Technology GIS from GE Energy for companies in the United States. Based in Orlando, Florida, FCSI has a strong reputation in the industry and a talented team of professionals who push the boundaries of technology and Smallworld CST applications.
