Companies in the first three months of 2023 leased around 200,000 square meters of logistic and industrial spaces, with demand mainly coming from production firms, FMCG and logistic operators, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Aquila Part Prod Com, an entrepreneurial company providing distribution and logistic services for the consumer goods market, ended the first quarter of 2024 with 11% higher revenues than in the year-earlier period, at RON624 million, while profit shrank by 26% to RON19.6 million.
Romanian company Axes Software, specialized in developing software solutions for the logistics sector for over 18 years, ended 2023 with a turnover of RON9.7 million (nearly EUR1.9 million), up 12% versus 2022, below its initial target for a nearly 20% increase, in line with finance ministry data.
American company PDQ, which provides management solutions for active software, has paid over EUR20 million to acquire the entire package of shares of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions, from its founders and from the two funds which had invested in the project, namely Early Game Ventures and RocaX, several sources familiar with the deal told Ziarul Financiar (ZF) daily.
Oradea-based Criboser, the second most dynamic road carrier in Romania by revenue in 2022, expects business to grow this year after buying 20 more trucks to carry goods from Belgium, Germany and the Netherlands.
Carmo-Lact Prod, the company based in Bistrita-Nasaud, which makes the Monor dairy products, had a turnover of RON249 million in 2023, up 19% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Deloitte Romania has assisted PIB Group Ltd, one of the leading insurance brokerage companies, with its headquarters in UK, in its entry on the Romanian market through the acquisition of STEIN Bestasig, a large player in the local insurance brokerage sector for corporate clients.
Dr. Leahu, the brand of dental clinics created by doctor Ionut Leahu 14 years ago, is going through a rebranding process and will take the name of the Regina Maria network, which bought 51% in the company in 2023. The new brand will be Regina Maria Dental Clinics, starting mid-May.