Austrian investment fund to buy Romsys

Sources within the company say the takeover has already happened, with a 75-80 percent of the share transferred, while Romsys founder and President Marius Cojanu to retain a 25 percent package of the business. Cojanu declined to comment on the information. The Austrian fund also declined to provide any details about the deal.

Romsys General Manager, Florin Semen, did tell Business Standard that “there is something of the kind, the deal is going to be finalized, but we will comment on it when we see fit.”

Romsys, founded in 1993, posted €25.8 million in turnover, down from the €31.6 mln registered in 2005.