Tokheim Acquires Rohe Companies in Eastern Europe
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Monday, 26 October 2009 |
Tokheim
has announced the acquisition of the Romanian, Serbian, Bulgarian,
Lithuanian and Latvian subsidiaries of the Rohé Group, an Austrian
holding company providing a full range of services including
maintenance, construction, installation and servicing of forecourt and
car wash equipment.
Tokheim already has a well established working relationship with the newly acquired teams, having worked in partnership with them for several years. As Tokheim is committed to further developing these markets, all Rohé employees will continue in their current positions under the new ownership structure.
“We are now the majority stakeholder, while the remaining equity has been acquired by the Executive Managers of these subsidiaries, who will continue in their roles” said Baudouin de la Tour, COO of Tokheim Group S.A.S., “we believe that this acquisition further enhances Tokheim’s global service network and offers opportunities that, with the commitment of stable existing local management teams with excellent track records, will benefit these new businesses and their customers”.
Vesel Valkanov, M.D. of Rohé Bulgaria added: “We are very pleased to become part of Tokheim, an organisation which not only embodies the idea of professionalism and progress in the oil industry but also a company which has been our true partner through the years. We are deeply convinced that by merging with Tokheim, one of the leading petrol equipment manufacturers, we will be reaching a new level of our development and will be able to further improve our businesses and ability to serve our customers”.
PetrolWorld 231009
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