Norwegian group Constructor, with 320 million euros in annual turnover, took over UK’s storage systems producer Hi-Lo PSS, owner of a plant in Rasnov, Brasov county, which generates 40% of its revenues. In the wake of the deal, the Norwegians, which operate under the Dexion brand in Europe, will expand the surface area of the plant in Rasnov by around 50%, and have changed the name of the Romania-based company to Hi-Lo Sisteme de Depozitare. “The Constructor Group will boost production in Romania and will increase the number of products. The sales network will also be expanded, with the plant near Brasov to become a hub for Eastern Europe, both in terms of product supply and in terms of services,” says James Delap, former CEO and shareholder of Hi-Lo PSS, who is currently Dexion regional president for South-Eastern Europe. Delop did not wish to reveal the value of the deal.
ZF English
Constructor to boost production capacity of Hi-Lo storage systems by 50%
Norwegian group Constructor, with 320 million euros in annual turnover, took over UK's storage systems producer Hi-Lo PSS, owner of a plant in Rasnov, Brasov county, which generates 40% of its revenues.