The company founded by Daniel Mocanu 25 years ago does not have manufacturing operations in Romania and is one of the largest suppliers of refrigerating equipment to hotels, restaurants and grocery stores. It posted 183 million lei (EUR40 million) revenue last year.
The Italian group, which has about EUR900 million revenue, 11 plants and 40 sales and service offices throughout the world, will thus officially enter Romania after having been present on this market through a partnership with DAAS. The two companies had been working together for 15 years prior to the acquisition, and DAAS was a distributor for one of the Italian group’s brands, ZF has found.
“Becoming part of the Epta group is a major opportunity for us (…),” says Daniel Mocanu, founder and general manager of DAAS, a company that has been in business for 25 years. The two companies had previously worked together on a number of projects.
DAAS posted RON2.3 million net profit net profit in 2017, ten times higher than in 2016 but half the 2015 level. Last year’s was DAAS’ best ever by revenue, which went up about 67% on the previous year to RON183 million.
(English version by Loredana Fratila-Cristescu)