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After expansion abroad, Arobs Transilvania mulls acquisitions

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12.05.2011, 23:33 91

Arobs Transilvania Software, a company specializing in thedevelopment of GPS software solutions, is in advanced talks to takeover some companies selling or developing GPS monitoring solutions,stated Voicu Oprean, general manager of the company, withoutproviding further information in this regard.

The move is part of the company's strategy of growth, boththrough acquisitions and international expansion. This year, thecompany opened offices in Moldova and Hungary and is consideringopening a subsidiary in Poland, as well, in the following period.Acquisitions are set to aid expand distribution of GPSsystems.

Arobs Transilvania this year expects turnover worth almostEUR8.5 million, up 20% year-on-year, Oprean told ZFTransilvania.

"Growth budgeted for this year is supported both by plans toexpand operations abroad and by acquisition projects. Since thestart of the year, we've opened two subsidiaries, in Chişinău andBudapest and we are poised to open another office in Poland," addedthe company's general manager.

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