“We are not currently number 1, but plan to get there, and have good offers, due to the acquisition of Merten Romania [electricity solutions supplier], which completes our offer,” the company’s Country Manager, David Nicholl, told Business Standard.
Schneider Electric Romania estimates a 20 percent increase in business this year, due to rapid growth on the residential market and higher demand of energy management integrated solutions. Amid market growth, the company does not rule out expansion through acquisitions. “We are constantly looking at producing companies on the Romanian market that could increase our products portfolio. We are mainly targeting market leaders, that have a production base which we could use,” Nicholl said. He declined to provide further details.
Furthermore, the company does not exclude a Greenfield investment, but, generally, Schneider Electric’s strategy is to acquire one of the top players on a certain market.
For business growth in the coming years, Schneider Electric is considering investments in the public sector. “Romania will start investing in hospitals, water treatment centers, and so on. There will be substantial investments and we can meet demand,” Nicholl added.
