Botoșani, July 1, 2026 – Electro-Alfa International (BVB ticker EAI), a leading Romanian manufacturer of electrical equipment and provider of EPC and IT services, and the German-based SGB-SMIT Group, one of the leading manufacturers of distribution and power transformers, have completed and officially inaugurated the SGB-ALFA manufacturing facility in Botoșani, following an investment of approximately EUR 20mn. The inauguration marks the completion of one of the most significant industrial investments made in Botoșani in recent years and represents a new milestone in the development of Electro-Alfa International. 35 years after its establishment, the company is further strengthening its position in the European market through its strategic partnership with SGB-SMIT Group.

“The opening of the SGB-ALFA factory represents a significant new achievement for Electro-Alfa International, both in Romania and internationally. Over the past 35 years, we have transformed a local company into a competitive business, growing steadily one step at a time. Today, our partnership with SGB-SMIT Group is a testament of our maturity as an organization and our ability to continue growing. Together, we are creating new opportunities for expansion, entering international markets, and contributing to the development of a modern energy industry firmly rooted in Romania”, said Gheorghe Ciubotaru, President and Founder of Electro-Alfa International.

Through this investment, Electro-Alfa International and SGB-SMIT Group are contributing to strengthening Europe's energy infrastructure supply chain while enhancing the competitiveness of Romania's manufacturing sector. The production at SGB-ALFA began in July 2025, the facility currently employs about 100 people and has already manufactured more than 1,300 transformers for customers across European markets. By 2027, the facility is expected to create more than 200 direct jobs and support the development of a regional ecosystem of suppliers and business partners.

“Today’s inauguration of SGB‑ALFA in Botoșani marks an important milestone of a strategic investment we took to strengthen our European footprint. Together with Electro‑Alfa International, we are combining global transformer expertise with strong local capabilities to build a competitive and scalable platform for serving our customers. This partnership allows us to respond more effectively to the growing demand for reliable energy infrastructure across Europe,” said Holger Ketterer, Group CEO, SGB-SMIT Group.

"SGB-ALFA brings together Electro-Alfa International's industrial experience and entrepreneurial spirit with SGB-SMIT Group's technological expertise and global presence. This investment gives us the capacity to meet the growing demand for the modernization of energy infrastructure while also creating the conditions for expansion into new markets and the development of internationally competitive products," said Ștefan Petrea, CEO of Electro-Alfa International.

The new facility manufactures oil-immersed distribution transformers ranging from 50 kVA to 1,000 kVA, serving electricity distribution operators and industrial customers in Romania and across European markets. The investment includes modern production facilities, testing laboratories and logistics infrastructure, enabling the company to meet the growing demand for equipment supporting energy projects throughout the region. The partnership combines SGB-SMIT Group's engineering and design expertise with Electro-Alfa International's manufacturing capabilities and deep understanding of the local market.

Electro-Alfa International shares have been trading on the Regulated Market of the Bucharest Stock Exchange, under the ticker symbol EAI, since March 3, 2026. The company successfully completed an IPO in February 2026, attracting net proceeds of RON 544.3mn. Curerntly, the company’s market capitalization exceeds RON 2.2bn.

About Electro-Alfa International

Electro-Alfa International is a Romanian majority-owned company and one of the country's leading providers of medium- and low-voltage electrical equipment, EPC (Engineering, Procurement and Construction) projects, and energy efficiency solutions. With 35 years of experience and a strong commitment to research and development, digitalisation and innovation, Electro-Alfa International plays an active role in modernising critical infrastructure across sectors including electricity distribution, railway transportation, the nuclear industry and renewable energy.

The company operates five modern manufacturing facilities with a combined production area of 35,000 square metres, has its own research and development centre, and serves more than 500 customers in Romania and internationally. By integrating manufacturing, engineering and project execution capabilities, Electro-Alfa International has become a trusted partner for projects that make a significant contribution to Europe's energy infrastructure.

About SGB-SMIT Group

SGB-SMIT Group is a leading, independent, pure-play manufacturer of power and distribution transformers ranging from 30 kVA up to 1,200 MVA. With 3,800 employees and a global network of production facilities and centres of excellence across Europe, Asia and North America, SGB-SMIT serves customers worldwide. The Group provides solutions for grid operators, industrial customers, renewable energy projects and critical infrastructure, contributing to the development of modern, sustainable energy systems across the globe.