Electroalfa, one of the leading players in the electrical equipment and metal fabrication industries, controlled by Gheorghe Ciubotaru, is preparing to list its shares on the Bucharest Stock Exchange (BVB). The operation will be brokered by Swiss Capital, according to Economedia sources. The group, with nearly 800 million RON in revenue and over 60 million RON in net profit in 2024, plans to conduct an initial public offering (IPO) in the near future.
With over 30 years in the market, Electroalfa has three divisions: Electro-Alfa International (electrical equipment), Electro Alfa CM (metal fabrication), and Electro Alfa Engineering Services (energy projects, including solar parks). The group also includes Electro Alfa Maintenance Services and Electro Alfa Management.
Electro-Alfa International, the company’s main pillar, reported 2024 revenues of 649.5 million RON and a net profit of 55.4 million RON with 282 employees, representing growth of 50% and 53%, respectively, compared to 2023, according to Termene.ro. The company is owned by Gheorghe Ciubotaru (80%) and Electro Alfa Management (20%), the latter owned by Gheorghe Ciubotaru (52.5%), Manuel Gosav (23.5%), and eight other minor shareholders.
Projects and Expansion into Digitalization
Electroalfa currently manages contracts worth over 145 million euros in sectors such as energy, transportation, refining, residential, industrial, and irrigation, covering the production and delivery of electrical equipment, design works, installation, and integration into digital control and automation systems.
In 2024, Electro-Alfa International achieved revenues exceeding 134 million euros, approximately 3.5 times higher than in 2020, driven by the consolidation of energy infrastructure projects and the expansion of export activities.
At the end of last year, the company partnered with Keep IT Mobile Development to launch Alfa Factory Software, a software company with an initial investment of 1 million RON. Electro-Alfa holds 51% of the project, while Keep IT Mobile Development owns 49%. The new company will develop customized software solutions for production management and business process digitalization, using advanced technologies including artificial intelligence. This initiative is part of Electroalfa’s 2023–2030 strategy, aiming to adapt to changes in the business environment and increase operational efficiency.
Photo: electroalfa.ro
