ORONA ACQUIRES FRENCH, NORWEGIAN COMPANIES
Orona has acquired EST Ascenseurs of France and Heis 1 Group of Norway.
EST has more than 2,000 maintenance contracts and more than US$7.8 million
in annual revenue. Heis 1 Group has been Orona’s distributor for 14 years
and has locations in six Norwegian cities. Orona’s French presence now
consists of eight companies generating nearly US$100 million in revenue
and employing more than 450 people. Its Norwegian presence now consists
of eight companies and a workforce of almost 80. Orona is based in Spain
and operates globally.