Metalogalva acquires Electrofer and plans to invest three million.
This operation aligns with the growth strategy of the Portuguese multinational, which opened its first production unit in the United States in May.
Metalogalva, a Portuguese multinational based in Trofa, has acquired Electrofer, a metalworking company from Marinha Grande, where it intends to invest around three million euros in the coming years and retain over 250 employees, announced the company.
“Metalogalva, a VigentGroup company with a presence in 15 countries and a consolidated turnover of 400 million euros in 2022, has acquired Electrofer, a metalworking company from Marinha Grande with over 250 employees,” the company stated in a press release sent to Lusa.
This operation is part of the growth strategy of the Portuguese multinational, which opened its first production unit in the United States (USA) in May.
Metalogalva also disclosed that the direct investment plan in Electrofer could reach three million euros over the next years and that all over 250 employees of the Marinha Grande company will remain in their positions.
The multinational estimates a revenue growth for Electrofer in the coming years of about 25%, compared to the year 2022.