Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. EMI takes over Belgian company Decran, an industrial...

EMI takes over Belgian company Decran, an industrial steel door manufacturer

May 25, 2022

EMI, a national player in the field of complete solutions and services for industrial access, has recently announced the full takeover of Decran shares, a Belgian company specializing in the manufacture and installation of industrial steel doors.   “This is the second M&A transaction made By EMI in Belgium, after taking over the majority package of shares of Access System since the beginning of March,” the company announced.   Decran is present in the Belgian market since 1996 and is specialized in manufacturing and installing industrial steel doors for interior and exterior. The doors are made in Slovakia, then are transported to Belgium and installed for customers, mostly in the Flanders area.   The company has 37 employees, 20 of whom are in Belgium, and the rest are working in the Slovakia factory. Decran customer portfolio includes mainly industrial builders such as Alheembouw, Willy Naessens or Cordeel. The company also serves a varied range of factories and storehouses in Flanders area.   The investment in Decran is a strategic one for EMI, which will concentrate on sales between Romania and Belgium, offering customers a wide range of services, from design and production, to maintenance services. Decran will continue to function in Belgium while the founder, Lode Decraene will remain involved in carrying out the activity for at least a year with a view to completing the transition process.   In 2021, Decran recorded a business figure of 5.4 million euros. On the other hand, EMI registered incomes of 14 million euros in 2021, a 23% increase against 2020. The company considers that on the background of the accelerated development of logistic projects in 2021, customers in the industrial and logistic areas will remain the main development vectors in the years to come.   In 2022, EMI has in view overall incomes of 22 million euros, including the business figure obtained by Access Systems and Decran.   EMI has a 22 year experience in the Romanian market, specializing in industrial access solutions – doors, curtains, fences and other industrial closing systems. The company has 80 employees and supplies integrated solutions, from consulting, design, manufacture, mounting, to maintenance and service, through global access solutions for the industrial, commercial and logistic sectors. At its Cateasca factory EMI also develops unique technical solutions adapted to customer needs.  

Read in full - click here
Wizz Air adds second aircraft and expands operations in Sibiu

Low-cost carrier Wizz Air has added a second aircraft to its base at Sibiu International Airport and announced a significant expansion of its operations in the Romanian city. The airline, which has been present in Sibiu for more than a decade, is now offering over one million seats to and from Sibiu, representing a 48% […]

Romanian trade unions prepare for possible general strike over austerity measures

Romania’s main trade union confederations are preparing coordinated protest actions and considering a general strike in response to the government’s new fiscal and austerity measures, Economica.net reported. The decision was made during a meeting of union leaders evaluating the impact...

Bolt, Uber assure their Romanian drivers are paying taxes and contributions legally

The Coalition for the Digital Economy, which brings together companies such as Uber, Glovo, Wolt, Bolt, Bringo, and Lime, in response to Ziarul Financiar's claims that the drivers of the ride-hailing operators are avoiding taxes and social security contributions, assured that this is not the case.  ...

OMV Petrom putting special dividend on ice conveys cautious message to investors

Romanian energy group OMV Petrom (BVB: SNP) will decide by the end of September on the special dividend, based on the progress of the investment projects, the impact of the present and future fiscal reforms implemented by the government, and the market conditions, the company's CFO Alina Popa explained, quoted by Cursdeguvernare.ro.  ...

Romanian teachers’ unions reportedly press education minister to reverse July reforms

Romania’s teachers’ unions announced on August 5 that education minister Daniel David has pledged to ask prime minister Ilie Bolojan to drop some of the most contested measures from the government’s first package of reforms, Hotnews.ro reported. The...

UniCredit Romania expects country's public deficit above 8% of GDP this year

Although the Romanian government is preparing two additional extensive reform packages, targeting mainly the spending cuts and a higher efficiency in the public administration, the 7% of GDP target for this year will not be met, with a level above 8% of GDP more likely, according to a research report by UniCredit Romania.  "Yet, we […]