Vio Transgrup had a net profit of over RON13 million (EUR2.7 million) in 2020, up 29% from RON10.1 million (EUR2.1 million) in 2019, per public data. The company had on average 188 employees in 2020.
Vio Transgrup was founded 20 years ago by Viorel Angelescu and operated mainly in the Balkans and Greece. In 2014 it entered the valuable cargo transport segment and expanded coverage to Western Europe.
In February 2021, cargo transporter International Alexander Holding (IAH), founded in 2003 by Simion Apreutese and based in Arad, acquired Vio Transgrup from entrepreneur Viorel Angelescu.
In summer 2020, IAH obtained the approval of Romania’s Competition Council to acquire Vio Transgrup. The value of the deal was not disclosed. The acquisition makes IAH a transporter certified by the Transported Asset Protection Association (TAPA).
IAH provides 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 2020, IAH had a turnover of over RON430 million, per the latest finance ministry data.