Deloitte Romania assisted AQUILA in its expansion on the Hungarian market through the acquisition of KITAX

Deloitte Romania assisted AQUILA, one of the leaders in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in its expansion on the Hungarian market through the acquisition of KITAX, one of the top five distribution companies in its sector. The agreement was signed in December 2024, for 14 million euros, and is subject to approval from the Hungarian authorities and Aquila General Shareholders Meeting.

The Deloitte multidisciplinary team made of financial and tax consultants from Romania and Hungary assisted AQUILA during the financial and fiscal due diligence stages. The Romanian team consisted of Radu Dumitrescu, Partner-in-Charge, Vlad Balan, Director, Sorin Rugina, Manager, Catalina Nechita, Senior Associate, Vlad Muresan and Daniel Mircia, Associates, from the Financial Advisory department. The Hungarian team was made of Gabor Koka, Partner, Mario Bella, Senior Manager, Barbara Angyal, Senior Consultant, and Martin Kovacs, Consultant, from the Tax department.

“Our long-term successful collaboration with AQUILA continues with a new acquisition, which is relevant for the group’s growth story, as it marks the entry of this Romanian entrepreneurial business on a second external market, after the success obtained in the Republic of Moldova. It is a new step in their ambitious regional expansion strategy,” said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.

AQUILA was established in 1994 as a family business and has consistently expanded over the past 30 years, both organically and through acquisitions, such as the takeover of AGRIROM, in 2019, of Romtec Europa, Parmafood Group Distribution and of Parmafood Trading, in 2024. The group is also active in the Republic of Moldova since 2001, through Trigor AVD. AQUILA Group has partnerships with international giants such as Unilever, Ferrero, Mars, Lavazza, Iffco, Philips, and its products are distributed through over 70,000 sales points across the country, located in major retail chains and gas stations. According to the latest financial results, AQUILA ended the first nine months of 2024 with revenues of nearly 2.1 billion lei, supported by the organic growth in the distribution segment and by the contribution of the three companies acquired in 2024 that operate on the Romanian market.

Founded in 2002, KITAX is a distributor of professional hygiene and cleaning products, consumables for the HoReCa sector, as well as health and safety equipment. The company reported revenues of 10 million euros at the end of 2023.