Petmart shareholders will remain in the management of the online retailer and the capital infusion will be used to broaden the customer base and develop new services and products, according to the officials of the two companies.
Altius founder and CEO, Marius Diaconu, is an active investor with an experience of over 20 years in the fields of real estate, IT, agriculture, entertainment, both in Europe and in Asia and the United States. In September 2020, Marius Diaconu was appointed member of the Board of Directors of real estate developer One United Properties.
Besides the classical items for dogs and cats, the online store Petmart.ro also sells food and accessories for birds, reptiles, fish and rodents, as well as specific disinfectants.
ALTIUS provides premium veterinary solutions on the segments of both large zootechnical producers and pets, from clinics to pharmacies.
ALTIUS’ turnover has grown constantly and in 2021 sales generated total revenue of RON142 million and a profit of almost RON45 million.