Following the transaction, the company acquired will operate under the name of voestalpine Rotec Coating SRL and will have some 160 employees.
Barum Technik had a turnover of RON21.3 million in 2016, slightly lower than in 2015, and a profit of RON3 million, slightly lower on the year.
With this acquisition and an inauguration in Mexico, voestalpine Rotec group will coordinate nine companies with 1,500 employees and 12 factories.
Law firm Popovici Nitu Stoica & Asociatii advised voestalpine throughout the transaction.