Polish industrial dismantling and assembly expert Pol-Inowex is looking for takeover targets in western Europe in a bid to expand its services portfolio with a particular focus on the nuclear energy sector, the company's vice president told EMIS.
"We are looking for a takeover target to expand our offer. We are interested in firms from the scrap and demolition segments as well as in companies providing services in the nuclear energy sector," Bartosz Świderek said in an interview.
"We are looking for firms with annual turnover of around EUR 10-15mn," the executive added. The firm is not planning any domestic takeovers.
Pol-Inowex is especially interested in the nuclear energy sector, and is keen on taking over any engineering firm operating there to serve as a foothold for future expansion, the executive explained.
In Świderek's opinion, in a few years' time, there will be a good market for relocation of nuclear plants and Pol-Inowex needs to be present in the sector.
According to the World Nuclear Association, as of March 2014 about 100 mines, over 100 commercial power reactors, 46 experimental or prototype reactors, over 250 research reactors and a number of fuel cycle facilities, have been retired from operation and some of these have been fully dismantled.
Świderek said that the company has hired a German consulting firm which is looking for takeover targets in Germany and across Europe.
Pol-Inowex posted revenues of PLN 34.46mn (EUR 8.3mn) and a net profit of PLN 0.9mn in 2012. So far in 2014, the company has six projects, in the Netherlands, Denmark, Sweden, the United Kingdom and two in Austria.
The company's strategic goal is to become a European leader in relocating, dismantling and assembling production lines and entire enterprises. Pol-Inowex has over 20 years of experience on international markets.