The integration process “is based on the same principles that we have applied to all companies in the Group: commercial autonomy and coordination at operative level, our goal being to maximize the operational flexibility of the group”, TTS representatives said in the report.
At the same time, the company will start investments worth EUR10 million in continuation of the investment program started by DECIROM in 2022 with the aim of increasing the operating speed of the terminal starting with 2024.
“The acquisition of DECIROM represents a very important contribution to the development of the port operation segment of TTS Group’s business, and will strengthen our position as the main provider of integrated logistics services on the Danube for minerals, agricultural and chemical products”, the report reads.
TTS shares have gained 47% so far in 2023 amid deals worth RON56.1 million, ensuring a market value of RON1 billion.
TTS had a profit of RON89.1 million in the first quarter of 2023, up 632.6% on the year, and a turnover of RON306.5 million, up 89.5% on the year.