The French group Piriou has acquired the Romanian ATG shipyard located in Giurgiu on the Danube and also operating in the port of Agigea Sud-Constanța on the Black Sea, reported Profit.ro.
Last year, the Romanian shipbuilding company achieved a turnover of 5.6 million RON (1.2 million euros) and reported losses of 2.2 million RON while employing on average 226.
The French group is thus entering the local market, where it was not yet present.
From 2002 until today, the Romanian company was controlled by local investors Teodor Apostol and Adrian Patriche. The latter exercises the functions of general manager of the company.
The French group, present on the market since 1965 and with more than 500 ships built and delivered worldwide, has bought back 100% of the capital. With this new acquisition, it brings the total number of employees to 1,300 people, including 550 in France.
The French group achieves an annual turnover of around 200 million euros.
The Giurgiu shipyard is located on a 15 hectare site, with four assembly halls and a dockside launch capacity of 3,000 tonnes. It has a processing capacity of steel sheets and profiles of up to 600/700 tons per month, approximately 10,000 tons per year and a processing capacity of aluminum sheets and profiles of 1,500 tons per year.
(Photo source: Shipyardatg.ro)