PLG Acquires Leading Romanian Ticketing Company iaBilet

Estonia-based ticketing firm PLG has acquired leading Romanian ticketing platform iaBilet.

Why it matters:

• iaBilet is one of Romania’s leading ticketing platforms, processing more than four million tickets in 2024, as per IQ Magazine.

• The acquisition strengthens PLG’s European market position.

• Over the past 18 months PLG has purchased Ticketstream, Ticketportal, bilete.ro, entertix.ro, and myticket.ro.

The deal:

• PLG group is fully acquiring the stakes held by iaBilet’s key executives – CEO Emil Ionescu, COO Razvan Manta, and CTO Daniel Cute-Petric – as well as Resource Partners’ stake, after the private equity investor acquired an 82.5% interest in iaBilet last September.

• The execs are expected to remain in the business.

• IQ reports that PLG will continue investing in AI-driven solutions and in developing shared technology capabilities across the group.

• The acquisition is subject to closing and regulatory approvals.

What they said:

• Emil Ionescu, CEO and Co-Founder of iaBilet: “This was my dream when I started iaBilet almost 15 years ago: to be part of something big, powerful and results-driven, so that we can conquer the world with our honest and game-changing services, and to innovate and grow a powerful group together. I am honored to be part of PLG’s dream and to grow it into reality by building a much stronger business together.”