Schoenherr advised Romcim, a CRH company, on merger clearance and FDI filing regarding its acquisition of Tehno World, a company active in the production and sale of solutions for utility infrastructure networks. With this transaction, Romcim adds to its portfolio the Tehno World factory in Baia, Suceava county, which specialises in the production of connection solutions for water and sewerage networks, natural gas distribution, irrigation, telecommunications and energy.
Schoenherr Romania's competition, EU & foreign trade team advised Romcim on the FDI filing and obtaining merger clearance from the Romanian competition authority. RTPR advised Romcim in connection with the transaction.
"We are glad to see Romcim's new major acquisition successfully closed, following merger clearance and FDI filing. We are proud to be a trusted partner for the Romcim team. Congratulations to all parties involved, as well as their external advisors, whose support throughout the authorisation processes was essential," said partner Georgiana Bădescu, who led the Schoenherr team advising Romcim.
Romcim is part of the CRH group of companies in Romania, the most dynamic player in the local construction industry, which has over 2,500 employees and operates over 50 units nationwide, managed through the companies Romcim, Elpreco, Ferrobeton, Baulemente, Sapphire and now TehnoWorld.
The Schoenherr team advising Romcim on this matter was led by Georgiana Bădescu (partner) and included Cristiana Manea (managing attorney at law), Sabina Aionesei (attorney at law) and Teodora Burduja (associate).