Brandl is a EUR75 million business, the latest data show. Local company Brandl RO, the Romanian division of Germany’s Brandl, had a turnover of EUR27.5 million in 2019, and 450 employees.
For International Alexander, this acquisition means its entering the car parts manufacturing sector. This is the second latest acquisition of International Alexander after acquiring cargo transporter Vio Transgrup based in Dambovita County, a business controlled by entrepreneur Viorel Angelescu.
International Alexander has over 1,500 employees and offers multi-modal transport services as well as logistical solutions. The company delivers cargo for clients in the automotive industry, IT and FMCG, such as Mercedez-Benz, Heneywell, Samsung or Procter &Gamble.
In 2019, International Alexander Holding had a turnover of more than RON400 million, up 24% on the year, and posted a net profit of RON22 million, according to the latest finance ministry data.