Amvic group, asking price of 40m euros

Marin Crutescu, owner of the constructions group Amvic, with a 10.5 million-euro turnover, intends to sell the business for at least 40 million euros. Crutescu, who is also head of the Association of Thermal-Insulating Trim Producers, intends to fully step down from all construction-related activities. “We have conducted two appraisals of the Amvic group so far, based on 2-year growth projections, and the companies’ value amounts to at least 40 million euros. I want to withdraw from the constructions market and start a pilot training business in the aviation field,” Marin Crutescu, told ZF. Well into his second term at the helm of PPTT, he will step down from his position in April. “In spring, elections will be held for a new term in office, but I will not run. I have been at the helm of PPTT since 2002, and I feel it’s time for me to step down,” says Crutescu. The businessman, a former military pilot, already has 150 hours of flight time and his own private aircraft, and wants to leave the construction industry because “I haven’t had a holiday since 1991.”