The investment in Access Systems is part of EMI’s strategy, developed together with Morphosis Capital, to expand the company’s international presence through M&A transactions., in line with data provided by company officials.
“One of the objectives announced at the closing of our partnership with Morphosis Capital was to further expand our presence in the European market, primarily in Belgium and France. We are glad that we managed to take another major step towards expanding outside Romania through the transaction announced today”, said Jerome France, founder and CEO of EMI.
Access Systems has been present in the Belgian market for over 8 years and specializes in providing customized services for the sale, installation, maintenance, and technical troubleshooting of all brands of industrial doors. The company operates in a factory located in the province of Liege, in the industrial area of Villers-le-Bouillet. Access Systems has 21 employees and over 4,000 customers, mainly in the Walloon region, from various sectors, such as pharmaceuticals, construction, transportation, food processing, or distribution. Access Systems’ client portfolio includes Aldi, Delhaize, Mercedes-Benz, TNT Express, Emerson, Carrefour Group, Logistics Base Intermarché, airports, many local hospitals and nuclear power plants.
Following the transaction, Access Systems will continue to operate in Belgium under its own brand and the founders, François Pimay and Jean-Benoît Leroy, will remain engrossed in the company’s activity.
EMI officials said the company also targets a second M&A transaction on the Belgian market in the first half of 2022 to further grow its market share in the Benelux region.
For 2021 fiscal year, Access Systems estimates a turnover of EUR4.6 million, in line with the results generated in 2020. On the other hand, EMI expects revenue of approximately EUR14 million in 2021, up 23% compared to 2020. The company estimates that amid the accelerated development of logistics projects in 2021, clients in the industrial and logistics area will remain the main growth vectors in the coming years. For 2022, EMI expects revenue of over EUR18 million, including the turnover generated by Access Systems.
EMI has 22 years of experience on the Romanian market, specializing in industrial access solutions – doors, gates, shutters, curtains, fences, and other industrial enclosures. The company has 80 employees and provides integrated solutions, from consulting, design, manufacturing, assembly, to maintenance and service, for global access solutions for the industrial, commercial, and logistics sectors. At its factory in Cateasca, EMI also develops unique technical solutions adapted to client needs.
In September 2021, EMI announced the entry into its shareholding structure of the private equity fund Morphosis Capital, which, together with the fund’s investors, acquired a 51% stake in the company for EUR15 million. EMI’s investment in Access Systems was funded partly from the capital raised from Morphosis Capital and through bank financing.