Austrian group Voestalpine has bought the majority stake of a local company of a German group with factories in Romania

Following the transaction, Voestalpine will control 60% of the shares and Rail.One will remain with a 40% stake. The business was perfected through Buzau's Voestalpine, Apcarom, a rolling stock manufacturer.

Travertec has been operating on the market since 2001, with about 30 employees last year with a turnover of 9.4 million lei and a net profit of 478,370 lei.

Headquartered in Neurmarkt, the company, founded in 1954, has factories in Germany, Romania, Saudi Arabia, Spain, South Korea, India, Turkey, Hungary and the United States.

At the end of last year, Voestalpine took over the painting division of Barum Technik factory in Timisoara. (source: profit.ro)