PRESS RELEASE
INTERPUMP GROUP ACQUIRES THE CONTROL OF M.T.C.Sant'Ilario d'Enza (RE) 18 January 2012 - Interpump Group announces that has been executed the acquisition of M.T.C..
M.T.C.,which has its headquarters in Reggio Emilia, specialises in the production and sale of hydraulic distributors and valves. In 2010 the company recorded net sales for 4,5 million euros and an EBITDA of
1,1 million euros. At 31 December 2010 the company had net
cash of 0,7 million euros. At 30 September
2011 net sales grew by 39%. The agreement envisages the
purchase of 60% of MTC's capital for a total price of 3
million euros that will be paid in cash.
The sellers have the right to sell a further 40% between the
date on which the 2014 financial statements are approved and
the date on which the 2025 financial statements are
approved.
MTC's operations are highly complementary with those of
Interpump Group's Hydraulic Sector. Interpump Hydraulics
S.p.A., a fully owned subsidiary of Interpump Group S.p.A.,
is in fact the world leader in power take-offs for industrial
vehicles and through the purchase of MTC, together with the
recent acquisition of Galtech, will strengthen its market
position by extending its range of products.
Interpump Group is the world leader in the high and very high
pressure pumps sector and in the sector of power-take offs
and the related hydraulic components.
For further information please contact: Moccagatta Associati
Tel. +39.02.8645.1695 - Fax +39.02.8645.2082
Email: segreteria@moccagatta.it
INTERPUMP GROUP S.p.A. - Via E. FERMI, 25 - 42049 S. ILARIO - REGGIO EMILIA (ITALY) - TEL.+39.0522.904311
FAX. +39.0522.904444 - E-mail
info@interpumpgroup.itFULLY-PAID SHARE CAPITAL Euro 50,787,787.44 - RE COMPANIES REGISTER. - TAX CODE 11666900151 - CHAMBER OF COMMERCE NO. 204185
1
distribué par | Ce noodl a été diffusé par Interpump Group S.p.A. et initialement mise en ligne sur le site http://www.interpumpgroup.it. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-18 15:20:33 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
INTERPUMP GROUP ACQUIRES THE CONTROL OF M.T.C. |