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The winter of acquisitions
Adria Tehnika was acquired by air carrier EasyJet. Photo: Adria Tehnika

This winter witnessed an unusually high number of acquisitions involving Slovenian SMEs and retailers by foreign investors.

In December, the UK-based airline EasyJet acquired Adria Tehnika, a Slovenian company specializing in the maintenance, repair, and overhaul of Airbus and CRJ aircraft. Although relatively small — with around 250 employees and annual revenues of €37 million — Adria Tehnika has earned an excellent reputation for the quality of its services. Also in December, Italian food producer Valsoia purchased a 70% stake in the family-owned dairy Kele & Kele, renowned for its kefir-based products marketed under the Krepko brand. The deal, reportedly valued at approximately €3 million, involved a company with 30 employees and nearly €5 million in revenue. 

Another family business to change hands during this period was AJM, a manufacturer of doors and windows, with 70% of the company acquired by the Swedish group Inwido. Meanwhile, British firm DiscoverIE Group took over Trival Antene, a Slovenian antenna manufacturer specializing primarily in defense applications and operating in 70 markets worldwide. 

In January, the Polish owners of Intersport ISI — one of the largest sports retailers in Southeastern Europe — announced their intention to sell the company to Intersport Austria. Similarly, the online retailer Mimovrste, also owned by a Polish group, is set to be acquired by the German investment fund Mutares. Baby Center, a retailer specializing in childcare products and toys with a presence across the wider region, is reportedly to be sold in the coming months to the Hungarian group Talentis. Lastly, Slovenian retailer Mercator sold its network of petrol stations operating under the Maxxen brand to the UAE-based company Sunqar Resources.

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