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21 July
Motor Oil took full ownership of Nova ICT.
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Generated by AI from the 6 sources below · always verify with the originals
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AI-synthesised from 6 sources · no editorial bias
On July 21, 2026, Motor Oil Group announced the acquisition of a 50% stake in Nova ICT for 60.5 million euros. This strategic move allows Motor Oil, through its subsidiary IREON Technologies, to take full ownership of the digital solutions provider Nova ICT. The transaction reflects a total company valuation of approximately 121 million euros, according to reports.
The deal was confirmed by various media outlets and marks a significant shift for Nova, which is part of the United Group and owned by BC Partners. Following the acquisition, IREON Technologies plans to potentially distribute a portion of its newly acquired stake to strategic investors, which may result in a final ownership share of between 10% to 20% in Nova ICT. The implications of this acquisition are expected to influence both companies' positioning in the digital solutions market.
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