Romanian investment entity ROCA obtains 20% ownership in energy corporation Adrem through a recent purchase
In a significant move for Romania's energy sector, ROCA Investments, a leading private equity fund, has acquired a 20% minority stake in Adrem Energy Group. The deal, approved by the Romanian Competition Council, marks a step towards strengthening the energy field in the country.
Founded in 1992, the Adrem Group is a family business with 100% Romanian capital. Over the years, the group has grown to employ over 1,600 people and boasts a network of more than 30 offices nationwide. Adrem's expertise lies in the development, modernization, digitalization, and maintenance works for electrical networks, as well as smart metering management.
The acquisition by ROCA Investments aims to attract local capital for the accelerated development of Adrem. The investments will primarily be directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects. This includes the development of infrastructure for renewable energy, such as photovoltaic systems, storage solutions, heat pumps, and electric vehicle charging stations.
Digitalization of electrical networks is another focus of the investments. Rudi Vizental, CEO and co-founder of ROCA Investments, stated that the future of Romania depends on the strength of its strategic sectors, with energy infrastructure being one of the most important. He sees the collaboration with Adrem as a strategic move that will support the group's strategic development and scaling plans.
Corneliu Bodea, CEO of Adrem, shares this sentiment. He views the acquisition as an important step towards consolidating a Romanian success story. The Adrem Group provides turnkey solutions for efficiency and smart consumption, positioning itself as a key player in Romania's transition towards a more sustainable and digital energy future.
ROCA Investments follows the buy-and-build investment model and has invested in over 20 local entrepreneurial businesses, including Artesana, Romcargo, and others. The transaction will support Adrem's strategic development and scaling plans, ensuring that the group continues to play a crucial role in Romania's most important strategic sectors.
Despite the recent acquisition, the exact strategic development plans of Adrem following ROCA's 20% stake acquisition have not been disclosed or made public as of this date. However, the investment is seen as a positive step towards the growth and development of Romania's energy infrastructure.
Energy infrastructure is identified as one of the most important strategic sectors in Romania, and this investment by ROCA Investments is a testament to the potential and importance of this sector. The current management team will continue to lead Adrem, ensuring a smooth transition and continued growth for the group.
As Romania continues to navigate its energy future, the partnership between Adrem and ROCA Investments promises to be a significant catalyst for growth and innovation in the energy sector.
- ROCA Investments, having identified the potential and importance of Romania's energy sector, aims to use its investments in strategies like expanding and diversifying EPC projects, focusing on infrastructure for renewable energy, and digitalizing electrical networks, thereby attracting local capital for the accelerated development of Adrem Energy Group, a Romanian family business in the energy sector.
- To further strengthen its position in Romania's strategic sectors, Adrem Energy Group, following the acquisition of a 20% minority stake by ROCA Investments, will focus on the development of turnkey solutions for efficiency and smart consumption, positioning itself as a key player in Romania's transition towards a more sustainable and digital energy future.
