Italian Transformer Manufacturer Finalizes Acquisition
12/03/2015 - Italy’s Tamini Trasformatori Srl has closed on a deal to acquire transformer manufacturer Transformer Electro Service Srl (TES), the company has announced.
TES, which had been owned by Xenon Private Equity, makes electrical transformers for the industrial sector. The company was established in 1998 as spin-off of ASO Siderurgica Srl. It posted revenue of EUR29.5 million in 2014.
“Combining the two companies, we place ourselves as a leading market player and we are now even stronger to effectively face all future challenges. From now on, the two companies will operate as a single entity, with the aim of focusing their efforts, further accelerating their own growth and sharing the best available skills,” said Alberto Iperti, Tamini’s chief executive, in a statement.
The company will have two business units: BU Industrial, led by Riccardo Reboldi, will operate through the new TAMINITES brand, optimizing the image of the two companies on the market, and BU Power, which will be headed by Iperti on an interim basis.
The industrial sales area is led by Danilo Dosi, who will manage all of its products portfolio, which includes furnace transformers, reactors, power transformers for industrial distribution and rectifier transformers. The technical area is led by Fabio Marton. The company’s Ospitaletto plant will be led by Francesco Gussago; the Melegnano plant will be overseen by Francesco Mola.
The industrial unit also has operations in India and in North America. North America will be under the responsibility of Frank D'Amico and India will be under the responsibility of Dhiraj Budhiraja.
The power sales area is led by Massimiliano del Carro, who will manage all of its products portfolio, which includes transformers for the electricity generation, transmission and distribution, phase-shifting transformers and shunt reactors.
The proposal is led by Stefano Badini; the technical area by Luca Lombini; the Legnano plant by Laszlo Szathmári; the Novara plant by Attilio Zoia; and the Valdagno plant by Nicola Giacomo Battilana.
“We’ll take advantage of the best human resources, the most efficient technologies and advanced manufacturing methods to design the best custom-made transformers for the most demanding applications all over the world,” said Iperti.
Tamini, which itself was acquired by Terna in 2014, has 350 employees and customers in more than 90 countries. It recorded revenues of EUR 106.3 million in 2014.
“Combining the two companies, we place ourselves as a leading market player and we are now even stronger to effectively face all future challenges. From now on, the two companies will operate as a single entity, with the aim of focusing their efforts, further accelerating their own growth and sharing the best available skills,” said Alberto Iperti, Tamini’s chief executive, in a statement.
The company will have two business units: BU Industrial, led by Riccardo Reboldi, will operate through the new TAMINITES brand, optimizing the image of the two companies on the market, and BU Power, which will be headed by Iperti on an interim basis.
The industrial sales area is led by Danilo Dosi, who will manage all of its products portfolio, which includes furnace transformers, reactors, power transformers for industrial distribution and rectifier transformers. The technical area is led by Fabio Marton. The company’s Ospitaletto plant will be led by Francesco Gussago; the Melegnano plant will be overseen by Francesco Mola.
The industrial unit also has operations in India and in North America. North America will be under the responsibility of Frank D'Amico and India will be under the responsibility of Dhiraj Budhiraja.
The power sales area is led by Massimiliano del Carro, who will manage all of its products portfolio, which includes transformers for the electricity generation, transmission and distribution, phase-shifting transformers and shunt reactors.
The proposal is led by Stefano Badini; the technical area by Luca Lombini; the Legnano plant by Laszlo Szathmári; the Novara plant by Attilio Zoia; and the Valdagno plant by Nicola Giacomo Battilana.
“We’ll take advantage of the best human resources, the most efficient technologies and advanced manufacturing methods to design the best custom-made transformers for the most demanding applications all over the world,” said Iperti.
Tamini, which itself was acquired by Terna in 2014, has 350 employees and customers in more than 90 countries. It recorded revenues of EUR 106.3 million in 2014.
