Imtech N.V. enters Romanian market via acquisition, eyes new takeovers

Newsroom 28/09/2011 | 17:30

Imtech, global independent supplier of services of electric engineering, IT&C and mechanic engineering, entered the Romanian market via the acquisition of the company Sapphir IT & Management Consulting GmbH, including the office in Bucharest.

 The value of the transaction is confidential. The acquisition was made through one of the companies owned by Imtech, called ILS ICT Group, which was renamed Imtech ICT Austria at the beginning of the year.

 Sapphir Romania, a company opened in 2006, was also renamed Imtech ICT Romania in order to make clear its belonging to Imtech ICT Austria.

 “The company in Austria now holds the majority stake in the Romanian company, The remaining shares represent local capital and even if we renamed ourselves Imtech, the shareholding structure is still the same as when the company was called Sapphir,” said Petre Pupaza, country manager of Imtech ICT Romania.

 The strategy of the company on the local market also includes the acquisition of another company that should have complementary capabilities to those of Imtech.

 By 2015, Imtech plans to increase threefold its turnover up to EUR 1.5 million.

 At the moment, Imtech ICT Romania has 30 clients among whom General Fluid, Uniqa Asigurari, VES, Fast Eco, Pifati, Romfluid, the Romanian Space Agency and Emon Electric.

Imtech N.V. posted a global turnover of EUR 4.5 billion last year.

 Otilia Haraga

Tags: ,
BR Magazine | Latest Issue

Download PDF: Business Review Magazine April 2024 Issue

The April 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Caring for People and for the Planet”. To download the magazine in
Newsroom | 12/04/2024 | 17:28
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue