Consolis Group acquired on July 21st 2008, 100% of ASA Group shares. ASA Group is a leading Hungarian manufacturer of precast concrete products working on four national markets: Hungary, Romania, Ukraine, and Serbia.
The company delivers mainly non-residential solutions - commercial centres, logistic warehouses, industrial floor-building, etc – and operates through five plants : two in Southern Hungary; one in Romania - property of ASA Romanian subsidiary ; one in Ukraine - as part of 3-Beton, a company owned one third by ASA ; and the last one in Serbia – belonging to ASA Ibelik, a company half-owned by ASA.
In the financial year 2007, ASA had about 320 employees in Hungary and 380 in Romania. The company registered a consolidated turnover of 76 M€ and generated 45 M€ net sales in Hungary, 28 M€ net sales in Romania, 16 M€ in Ukraine (1/3 ASA) and 2 M€ in Serbia (1/2 ASA).
Since its foundation in 1990, ASA Group has become one of the three leaders in precast products for non-residential buildings in this part of the world. Four senior managers have already decided to stay with the company for this new development.
Philippe Milliet, Consolis Group CEO and President, says:
“This new acquisition is extending Consolis Territory in three of the most promising Eastern Europe countries, two of them – Hungary and Romania – having recently joined the European Community and expected to benefit largely from CEE funds in order to boost their infrastructure development.”
András Ábrahám, ASA Group Managing Director emphasizes:
“In a precast world undergoing continuous restructuration, we feel that this transaction happens at a perfect timing; with the strong technical exchanges which will come to us from the Consolis Group, ASA Group is ready to experience a new and exciting phase of its historical development.”
