15.1 C
March 20, 2023

Adrem Invest takes over Swiss firm for EUR 2 M

Adrem Invest, a technological engineering company, acquired Swiss engineering company MTAG Marti Technologie, for EUR 2 M. The transaction also included the takeover of the US branch of MTAG, according to the Adrem Invest press release. “This acquisition is oart of the company’s expansion strategy on the global industrial market and consolidates Adrem Invest’s position on the relevant market,” Adrian Bodea, Adrem Invest shareholder and president, said. Adrem Invest estimates a 2012 turnover of RON 171.7 M, up over 37 pc from 2011, of which Romanian operations account for RON 148.6 M, with the remainder coming from international operations.

Related posts

General Transport Master Plan is the result of “absolutely scientific” analysis

Nine O' Clock

PwC: 4.1 pc average wage increasing in the private sector

Nine O' Clock

SAS Grup started equipment production in Romania

Nine O' Clock