The company is looking for investors for international expansion. It's software solution for gas stations currently is adopted by 14% of the Greek gas stations, and ranks it in 3rd place, with over 800 installations. The company was founded in 2009 by leading entrepreneurs with extensive experience in electronics, software and integrating information systems. It is an innovative technology company, currently specializing in software development for integrating electronic devices that provide personalized solutions at gas stations as well as middle and upper stages of the Petroleum Industry.
The initial business segment of the company was temperature recorders for cold rooms and refrigerated trucks. In the process he entered the petroleum sector with the aim of creating one integrated software to meet all the needs of companies in the industry. Since 2018 the company is an official partner of Texas Instruments Inc. in touch systems.
The company also develops IoT control products (temperature, humidity, meters electricity, air quality, etc.). The company has developed a proprietary electronic platform to collect the data of these devices and through it the user can manage his data from anywhere.
The business objective of the company is to develop its exports and become mainly export-oriented. The owners are looking for an established and well-networked partner/investor willing to become a majority shareholder to fund business expansion. The current shareholder and management team are also willing to remain and run the company.
- Asking Price:
- €1,450,000
- Sales Revenue:
- €880,000
- Cash Flow:
- €100,000
Property Information
- Real Estate:
-
Lease
- Location:
-
On the outskirts of Thessaloniki city, near the national road to Chalkidiki
- Premises Details:
-
Business area, near Technology Park
Business Operation
- Expansion Potential:
-
Expansion is easy, needs hiring personnel and/or machinery, depending on the work
- Competition / Market:
-
Competition is low, since the company is in the top five businesses in its sector. Its main competitive advantage is the value for money.
- Reasons for selling:
-
The current shareholders need capital to finance R&D and export development
- Trading hours:
-
Mon-Fri, 09:00 am to 17:00 pm
- Employees:
- 15
- Years established:
- 13
Other Information
- Support & training:
-
There is minimal need for support and training, the current shareholders agree to remain as minority and run the company
- Financing available:
-
Our company, ErgoQ, can support you in gaining access to financing opportunities in Greece, ranging from low-interest loans to EU and state subsidies in investments.
- Relocatable:
- This business can be relocated.
