Ensight assisted Astra Rail Industries to acquire Astra Vagoane, Meva and Romvag
Astra Vagoane Marfa, Meva and Romvag freight wagon factories restart their production under one single management, for product quality and business growth. Ensight Management Consulting assisted Astra Rail Industries during the takeover of the freight train wagon and rolling stock factories Astra Vagoane Marfa in Arad, Meva in Drobeta Turnu Severin and Romvag in Caracal.
With a combined total annual production capacity of up to 5,000 freight train cars of different types, and production facilities covering a total 357,000 m2 under roof surface, Astra Rail Industries has the largest manufacturing potential in Europe.
This is the first investment in Romania made by private German investor Thomas Manns, who has been active in Eastern Europe for the past ten years in several businesses, including the truck and trailer industry. Thomas Manns will manage Astra Rail Industries together with a German-Romanian team of experienced business leaders, made up of CEO Bernd Bose and COO Fulger Popescu.
The takeover initiates the recovery of an industrial group that has already proven its ability to deliver top quality products for the rail industry. The following steps will focus on maintaining the standards that have made Astra Vagoane Marfa highly appreciated, and on raising the other two factories to the expectations of even the most demanding clients. The aim is to re-establish the industrial group as a reliable and top level supplier for the international market, on the long term.
Astra Rail Industries will bring the factories in Arad, Caracal and Drobeta Turnu Severin under one single integrated management. The headquarters of the company is in Arad, which will be the center of operational and executive decisions for all of the three production facilities.
The due diligence and acquisition process took six months to complete, which was conducted with support from the following parties:
Ensight Management Consulting:
- Roland Teufel (Lead Partner)
- Harald Ditter
- Mihaela Danalache
Musat & Asociatii, Romania:
- Gelu Maravela (Lead Partner)
- Alina Popescu
CMS Hasche – Sigle, Germany:
- Klaus Jäger (Lead Partner)
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