Japanese Group Could Buy Romanian Electric Motor Producer

Romanian businessman George Copos, the owner of two Bucharest hotels and several other companies, is negotiating the sale of the electric motor producer Ana Imep to the Japanese company Nidec Motor Corporation, according to market sources cited by local Mirsanu.ro.

The transaction is estimated at some EUR 10 million.

The company has been trying to recover after going through a decline during the economic crisis. The producer’s turnover dropped more than four times between 2005 and 2014, from over EUR 51 million to EUR 12.3 million. The profit decreased five times to EUR 360,000 during this period.

Moreover, the number of employees went down from 1,062 to 261 people at the end of 2014.

Nidec Motor Corporation has a market value of EUR 19.5 billion on the Tokyo bourse. It is present in Romania through the Nidec ASI Ro company. It has a production hall in Crevedia, Dambovita county.

(Romania-insdier.com)