Business Forum • 13 August, 2024 at 8:02 PM
Romcim, a CRH company, acquired TehnoWorld, a leading provider of water infrastructure solutions in Romania. This acquisition supports Romcim's ambition to be a leading end-to-end solutions provider for the Romanian construction industry. By acquiring TehnoWorld, a leading player in water infrastructure and utilities conveyance solutions for gas, telecom and electricity applications, Romcim extends and enhances its portfolio offering to better meet Romania's critical infrastructure and complex non-residential needs.
With this acquisition, Romcim will operate the TehnoWorld manufacturing facility in the North-East of Romania, in Baia, Suceava county, which includes four production lines and best-in-class equipment producing conveyance systems, at international standards, with 290 employees. Operating under the brand name, TehnoWorld, a CRH company, the company will continue to integrate in-house logistics, design and engineering services with world-class technology, maintaining its strong focus on providing high-quality solutions for the domestic market, as well as for 20 export markets.
Frederic Aubet, Managing Director Romcim, said: “We are very happy to welcome our new colleagues to Romcim and the CRH family. This acquisition supports the expansion of our utilities infrastructure solutions offering and our ambition to be the leading solutions provider for the building sector in Romania. We are confident that by combining TehnoWorld's dedication and market expertise with the strength and know-how of CRH's operating companies in Romania, we will further develop our sustainable portfolio offering, delivering more value enhancing solutions for our customers.”
Romcim is part of CRH, the leading provider of building materials solutions that build, connect and improve our world. Employing c.78,500 people at c.3,390 operating locations in 28 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for transportation and critical utility infrastructure projects, complex non-residential construction and outdoor living solutions, CRH's unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH's shares are listed on the NYSE and LSE.