Austrian company Kapsch, which goes back 120 years and had revenues of EUR 830 million in the fiscal year 2011, made an official entrance on the Romanian market. The company plans to invest between EUR 7 million and EUR 10 million locally over the next three years.
A part of these investments will be used for the acquisition of local companies with activities in technology and software services, according to Dan Roman, general manager of Kapsch Romania. In fact, Roman mentioned that there is already a due diligence process going on for acquiring one such company in Romania.
“I chose Kapsch because it is an extremely entrepreneurial company and because I thought this would be a new beginning,” said Roman. “I hope that over the next 3 years, the positive market response will materialize in a turnover in excess of EUR 15 million,” Roman added.
In Romania, Kapsch already has 40 employees but, if the acquisition materializes, their number will increase.
Kapsch was founded in 1892 and has remained to this day a family business that now has a footprint in over 30 countries and has three large divisions: Kapsch TrafficCom, Kapsch CarrierCom and Kapsch BusinessCom.