QnR Secured €8.8 Million to Fund EMEA Expansion
The firm will use the capital to enter the UAE and Saudi Arabia as part of a bid to scale its technology platform.
Updated on Sept. 29, 2026 in Corporate Finance
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Quality & Reliability (QnR) has completed an €8.8 million capital increase to support its move into the UAE and Saudi Arabia. This expansion aims to build a broader EMEA technology platform, extending the firm's presence beyond its existing operations in Greece, Cyprus, Belgium, and Poland.
Why it matters
The company is executing a growth strategy focused on acquiring specialized firms with €3 million to €15 million in annual revenue. This push is designed to shift the business model toward a 60% recurring revenue mix by 2030, up from 25% today.
QnR recorded €21 million in 2025 revenue and €3.1 million in EBITDA. The firm intends to lift its share of revenue generated outside Greece from 10% to 60% by 2030.
The players
Quality & Reliability
A Greece-based firm building an integrated technology platform through targeted acquisitions of specialized companies.
The details
QnR utilizes an acquisition-heavy model to integrate specialized capabilities into its platform. The company targets firms that demonstrate strong management teams to accelerate its regional footprint. By increasing its international presence, QnR seeks to move from its current 10% international revenue concentration to a majority-international revenue base.
Timeline
QnR generated €21 million in revenue throughout 2025.
The company's current strategic plan concludes in 2030.
Market Landscape
QnR's expansion mirrors the broader regional trend of technology firms seeking to build integrated platforms across EMEA. This move follows a clear pattern of scaling through acquisitions to hit mid-term revenue and EBITDA targets.
Operators should monitor QnR's ability to maintain EBITDA margins during its rapid acquisition phase. Watch for how the company handles the operational complexity of integrating specialized teams from diverse regulatory environments across the UAE and Saudi Arabia.
The takeaway
QnR is transitioning from a localized entity to an international platform provider with aggressive revenue growth targets. Business leaders should track the company's ability to increase its recurring revenue share from 25% to 60% as a benchmark for successful technology service consolidation.
Further reading
For more insight into how firms leverage capital to scale, visit Corporate Finance.
Source note: This article includes information reported by Η Ναυτεμπορική.
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