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EY Romania: Romanian M&A market evolution during 2022
Wednesday, February 1, 2023
The Romanian mergers and acquisitions (M&A) market recorded 258 transactions1 during 2022, with a total estimated value of US$ 6.6bn2. This represents a 26% increase compared to the deal count of 2021 (206), and a higher estimated value by 10% on a year-on-year basis (US$ 6.0bn in 2021). On a global level, after one of the most successful years on record for M&A activity in 2021, last year marked a ...
ESX posts a turnover of EUR 4 mln in 2022
Wednesday, February 1, 2023
ESX, the network of sports centers and fitness clubs founded by the young entrepreneur Andrei Trofin, achieved a turnover of 4 million euros in 2022, thus marking a 400% increase compared to the previous year. In the last 18 months, the business has grown ten times, relying on a digital solution with an excellent user experience; all-in-app, ESX offers a subscription with unlimited access to approximately 500 sports centers and fitness clubs, which can be managed or canceled ...
Mogo Romania announces the development and digitalization plans for 2023
Wednesday, February 1, 2023
Mogo Romania, the fintech that specializes in granting financing for used car acquisitions, announces its development and digitalization plans for 2023. Continuing the efforts started last year to streamline the operational process and reduce the processing time of credit applications, the company aims to introduce a fully digitized procedure, together with a module designed to optimize the activity of car dealers. 2023 ...
Brico Dépôt, the first home improvement retailer in Romania certified as Top Employer 2023
Wednesday, February 1, 2023
Brico Dépôt was recognized as a Top Employer in 2023 by the Top Employers Institute in the Netherlands, being the first DYI retailer with this title in Romania. Obtaining this title is proof of a sustainable, stable business that operates according to high standards in terms of the commitment assumed in the field of human resources. “The Top Employer international certification is proof for us ...
WeMat revenues in 2022 up 13.5 pct. in 2022 totalling EUR 17 million
Wednesday, February 1, 2023
WeMat, a leading company on the commercial flooring segment of the real estate market, announces revenues of 17 million Euros for 2022, an increase of 13.5% compared to 2021. In 2022, in addition to the rebranding process (previously, the name of the company was Decor Floor), WeMat’s activity has focused on diversifying the portfolio of products and services offered, registering a significant increase ...
Complice.ro exceeds its doubling business target in 2022, reaching EUR 430,000
Wednesday, February 1, 2023
Complice.ro, curator and provider of experiences for individuals and companies, ended 2022 with a turnover of 430,000 euros, up 168% compared to the previous year. The positive dynamic was due to the suspension of restrictions and the return to the office, which generated a doubling of the number of clients, both individuals and companies, a record indicator for Complice.ro. Both in the residential and corporate segments, ...
Real estate was the most active sector on the local mergers and acquisition market in 2022
Wednesday, February 1, 2023
Real estate was the most active sector in the local mergers and acquisitions (M&A) market in 2022, with almost 60 of the 157 transactions of over 5 million euros recorded (36%) and with a value of over 1.7 billion euros out of a total estimated market of 6.5-7.5 billion euros (26%), according to a Deloitte ...
Ioana Munteanu is the new Creative Director of GOLIN Romania
Wednesday, February 1, 2023
Golin makes a strategic move for the local PR market, bringing Ioana Munteanu, a creative with extensive experience in communication and dozens of awards at major local and international festivals, to the position of Creative Director. In her new role, Ioana coordinates the creative department, with the goal of strengthening the agency’s creative product and providing Golin’s clients with integrated ...
Mokka, the leading Buy Now Pay Later in Central and Eastern Europe, partners with F64
Wednesday, February 1, 2023
Mokka, the leading Buy Now Pay Later in Central and Eastern Europe, has become a partner for F64, the largest store in Romania dedicated to photography enthusiasts and a landmark company in the field of digital art and videography. F64 is an ...
PM Ciuca announces state aid scheme for construction of Nokian Tyres PLC in Oradea
Wednesday, January 25, 2023
The Government will approve a state aid scheme worth approximately 100 million EUR for the construction of a a tires factory in Oradea, Bihor county, Prime Minister Nicolae Ciuca announced on Wednesday."We will approve, through a memorandum - a state aid scheme worth approximately 100 million EUR for what means a new tires factory in Oradea, a factory which will have a very high production capacity and which will also ensure jobs for the citizens the Bihor ...
Sameday Group ended 2022 with double-digit growth in its major business segments
Wednesday, January 25, 2023
Sameday Group, the Romanian courier company, concludes 28% higher revenues over the previous year, thus reaching a turnover exceeding 800 million lei. Amidst uncertainties surrounding the armed conflict nearby the country’s border, Sameday Group performed above expectations in the past year. Against all odds, the company exceeded projections for 2022, consolidating its position in Hungary and ...
Hefestos Capital aquires TMK Artrom and renames it ARTROM STEEL TUBES
Wednesday, January 25, 2023
ARTROM STEEL TUBES, one of the leading pipe companies in Europe, with operations in Romania in Re?i?a and Slatina, announces the change of the ownership of the company, the renaming of the companies and the appointment of a new Board of Directors. Hefestos Capital, the largest investment banking company in Southeast Europe, based in Belgrade, has purchased from TMK Group ...
Ford Romania remains the market leader in the commercial vehicle segment in 2022
Wednesday, January 25, 2023
According to data published by the Directorate of Driving Licenses and Vehicle Registration (DRPCIV), Ford Romania continues to be the market leader in the commercial vehicle sales segment in 2022. At the same time, the Ford Puma, built exclusively at Ford’s Otosan plant in Craiova, is the best-selling hybrid model on the Romanian market. Even though the commercial ...
AROBS buys Centrul De Soft GPS SRL
Wednesday, January 25, 2023
AROBS Transilvania Software technology company has acquired Centrul de Soft GPS SRL, known on the market under the CDS brand, a Romanian company specialized in providing fleet management solutions. “We are thrilled to start the year with yet another good news for our colleagues, partners, and investors, by signing a new M&A transaction, this time within the software product business ...
Retail investors shrug off bear market blues: Two-thirds say downturn has not dented their investing appetite
Wednesday, January 25, 2023
67% of global retail investors feel positive or ambivalent about the year-long bear market Many are loading up on defensive assets, like healthcare and utilities, whilst cash allocation jumped 50% Confidence rebounded in the last quarter as perceived threat of inflation falls The ...
Atomico leads $11m Series A in Romanian Start-Up Digitail
Wednesday, January 18, 2023
Digitail , a platform that automates much of the admin veterinarians spend so much time on, freeing them to devote more resources and attention on providing the best care to pets, today announces the closure of a $11 million Series A funding round. The round was led by Atomico, who join previous investors byFounders, Gradient, and Partech. Atomico Principal Andreas Helbig joins the Digitail board as part of the ...
Patrice Gautier, new managing Director at Inetum in Romania
Wednesday, January 18, 2023
The general management of Inetum Romania has been entrusted to Patrice Gautier, an experienced Director with a proven history of working in the information technology and services industry. A graduate of the University of Grenoble Alpes, one of the top universities in France, Patrice Gautier has proven strong professional skills in Business Development, IT ...
Godmother posts turnover 120% increase in 2022, reaching the pre-pandemic turnover value
Wednesday, January 18, 2023
During the previous 12 months, the Bucharest based agency managed almost 600 projects and organised over 100 events for its clients.„2022 was an intense year, during which it felt like we were returning to that normality we all knew, with a lot of very diverse projects that challenged us to find the best sollutions both from a creative and a resource management point of view. The key to achieving last year’s results resides in a mix of know-how, ...
Accolade optimizes its performance thanks to EUR 129 million of financing
Wednesday, January 18, 2023
Accolade received a long-term financing of the 5 industrial parks in Poland: Gorzów Wielkopolski, Szczecin West, Szczecin Kniewska, Cz?stochowa and Kielce. The 129 million EUR refinancing loan was delivered by its new financing partner Helaba. This operation will increase Accolade’s profitability and ...
Greater access to Emerging Technologies to Foster Next Era in Creativity, Community and Data Privacy, Forecasts Accenture Life Trends 2023 Report
Wednesday, January 18, 2023
*Annual Report Identifies Five Macro Trends Projected to Shift the Relationship Dynamic Between People and Businesses in the Coming Year Following several years of constant global instability, people are gaining greater access to emerging technologies — including AI, web3, and tokenization — which is advancing the next generation ...