The Romanian Competition Authority has announced a new investigation into the proposed acquisition of Electromontaj Carpati, a local power plant equipment supplier, by Grampet Logistics, a subsidiary of the Grampet Group.
In a press release issued on Monday, the Competition Council stated its intention to thoroughly evaluate the terms of the proposed takeover in accordance with existing legislation. The purpose of this assessment is to determine whether the transaction requires regulatory clearance to ensure compliance with fair competition practices, including market dominance.
Electromontaj Carpati boasts a rich history spanning 70 years in the electrical energy sector. The company’s extensive portfolio includes the successful completion of over 3,000 projects, solidifying its reputation as a reputable player in the industry. With a workforce of over 250 employees, Electromontaj Carpati plays a significant role in the local power plant equipment supply chain.
On the other hand, Grampet Group, established in Romania in 1999, operates a diverse portfolio of companies offering comprehensive solutions and services. These include transportation, logistics, locomotive and wagon production, rolling stock modernization, and leasing services. The acquisition of Electromontaj Carpati would further diversify Grampet Logistics’ offerings, potentially consolidating its position in the market.
The Competition Authority‘s intervention underscores the importance of upholding competition principles and preventing monopolistic practices within the Romanian market. As the investigation progresses, stakeholders await the outcome, which will have implications not only for the parties involved but also for the broader landscape of the energy equipment supply sector in Romania.
Source: See News