Image by Danielly Electricity
Daniella Electricity acquired Elektro Uno’s electrical products trading business unit in June, meaning that the unit’s six sites will continue to operate under the Daniella Electricity brand name, according to a press release sent to the Budapest Business Journal.
Once the processes have been synced together, an enterprise employing more than 500 people, Daniella Electricity says.
“The goal of the transaction for Daniella Electricity was to provide competitive services with its size and infrastructure in Hungary and in the region, thus strengthening its position as a market leader and contributing to the success of its customers. With its future investments, developments, and continuous innovations, it strives to fully satisfy the needs of its partners,” emphasized Ernő Hadnagy, the managing director of Daniella Electricity, which is also owned by him and his wife.
With the acquisition, the number of locations nationwide increases to 45, as the Debrecen-based family-owned company strengthens its local presence in two locations in Pécs, as well as in Nagyatád, Dombóvár, Mohács, and Komló.
The purpose of the acquisition is to respond to market needs and shape the service portfolio accordingly by exploiting the opportunities inherent in the increasing common knowledge base, preserving the family values and corporate culture, and incorporating prior experience, the company says.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.