In 2024, local companies made 18 transactions abroad, betting over $ 330 million to buy US, Italy or Austria, shows an analysis by the data provided by the audit and consulting company EY Romania and those from the market. The total exact amount is difficult to estimate given that only six agreements have public value. However, they have values of tens or even over $ 100 million each. «The number of acquisitions abroad follows an upward trajectory and the last years we see an acceleration of this tendency, with a culmination in 2024. This positive dynamic was expected considering the convergence of numerous Romanian entrepreneurial businesses,» says Iulia Bratu, Partner, Head of Lead Advisory, Ey Romania. Evolution represents good news in the context in which the business in the West, but also in the region countries such as Hungary, Poland or the Czech Republic have developed in the last decades in Central and Eastern Europe, and even throughout Europe. During the same period, the local businesses anchored their activity in the port of Romania, and this is either a lack of appetite for risk or because the local market offered sufficient growth space. In the last period, however, as competition has increased, and place of development is no longer as much, local companies are currently starting to take steps beyond the border. Most moves were made in proximity, more precisely in Hungary, the Republic of Moldova or Bulgaria, and this strategy is a logical and easy to explain. The geographical proximity and, in some situations, the similarities regarding the consumer behavior determine the companies to go first of all in the neighbors. This is the case all over the world, not just in the region. However, there are some exceptions. Similarly, most purchases have targeted companies in the same field as the parent company, but there are exceptions.
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