French-based Acvatot seeks to acquire domestic construction company

Construction company Acvatot, the domestic division of the French company Setha, a part of the Veolia group, intends to expand next year by acquiring a Bucharest-based construction firm, with an annual business worth around 5 million euros and approximately 200 employees. “The company’s organic development will not allow us to gain a more than 10% growth over the next few years, which is why next year we intend to acquire a local construction company that carries out similar activities, such as the rehabilitation of heating systems,” said Fran’ois Debergh, administrator of Acvatot. The company posted a 19 million-euro turnover last year, up by around 50% against the level in 2005. The biggest issue that the company is facing is the shortage of skilled workers and the takeover of a domestic company could solve this problem. “It is proving very difficult for us to find skilled workers, since the majority of individuals have left the country to work abroad (…),” Debergh said.