May 2014

The in manufacturing of welded steel structures specialized Lakics Kft. bought a majority stake in one of the leading Hungarian companies in the area of unique steel structure design, manufacturing and installation, the Rutin Kft.

From Dél-Dunántúl, with an area of around 25 000m2, and with a production capacity of 12 000 tonnes of steel structures per year, the Rutin Kft. supplies mainly Western European and Central Eastern projects, along with a number of other foreign – oversea – references.

After the incorporation, the Group became one of the leading steel corporations in Hungary with a yearly turnover of EUR 33 million. Upholding their own profiles, the Companies will continue to produce their own products, while strengthening each other and moving into new markets.

With the investment, Rutin Kft. received an opportunity to overcome its financial problems and can now continue to further develop with stability.

Concorde MB Partners supported the seller in the preparations as well as finding potential partners for the transaction.