About Aages S.A.

Company Description

AAGES, a joint stock company located in the center of Romania, has been designing and manufacturing induction heating machines for large range of applications for over 32 years.

AAGES was founded in 1990 by a group of engineers from the Research and Design Institute for Electrical Engineering (ICPE) Bucharest, branch Targu Mures.

The first products of the company were the static converters for induction heating applications. Partnering with a German company in the late 90’, AAGES developed in less than one year the new family of converter with IGBT transistors and there were delivered more than 1.200 units over the years, practically in all five continents of the globe.

Year founded

1990

Served area

Worldwide

Shareholder information

Shares outstanding

10,000,000

IPO

June 19, 2017

Stock exchange(s)

Bucharest Stock Exchange

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