Roexpres to be acquired by an Austrian company

1. März 2007, 00:00

An Austrian company wants to acquire Romanian courier company Roexpres and the deal is likely to be completed by the...

An Austrian company wants to acquire Romanian courier company Roexpres and the deal is likely to be completed by the middle of this year, business daily Ziarul Financiar has reported.

"We received several offers, some of which were from investment funds, but the most serious one came from the Austrian company," said Dumitru Stefan, the manager and one of the two shareholders of the company.

He explained that the shareholders have decided to sell the company because of the large investments needed for its development.

"If Roexpres wants to be a significant player on this market, it will have to invest at least EUR 1 million in software and in its car fleet," Dumitrescu said.

Last year, Roexpress had a turnover of EUR 4 million, which is also the minimum sale price of the company. It is the fifth-largest Romanian courier company, after Fan Courier, Cargus, Curiero and TCE.
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