At the beginning of March, after having obtained the notice from the Competition Council, Epta SpA and DAAS INTERNATIONAL GROUP finalized the acquisition process. Through this partnership, DAAS specialists with expertise in the engineering, project management, assemblage and aftersales service in the commercial, industrial and HORECA refrigeration industry will become a local hub and will provide development solutions also for Epta SpA’s prospective customers.
At this point, the two companies have already started the integration process on the operational and financial side thanks to a dedicated team of managers from Epta SpA that was allocated to the Romanian team. After the fusion, the number of employees reached 5.200 globally and also the company has reached a production capacity of over 200.000 units/year in the factories.
’’We are confident that this partnership is a great step forward for DAAS and the process will successfully finalize since both companies share the same strategical principles and cultural values. Keeping these optimistic premises in mind, we estimate a 20% business growth in the following sectors: commercial refrigeration, HORECA, industrial cold, shopfitting and technical assistance/monitoring. 2019 will definitely be an interesting year for the commercial cold industry, since the biggest retailers plan to invest more in the field and organize European or regional auctions in order to acquire equipments, which will imply a moderate growth of the industry.’’, stated Daniel Mocanu, DAAS CEO.
Marco Nocivelli, President and General Director of Epta also stated: ’’With the takeover process coming to an end, we are eager to start the activity alongside our new colleagues in Romania and find together the right synergies to reach our common objectives. We are convinced that we made the right choice and that together we will become more competitive and stronger in the refrigeration equipments and technical assistance areas.’’