Trime and Bruno invest in US
05 October 2021
Lighting tower and generator specialist Trime and generator manufacturer Bruno Generators Group (BGG) have jointly acquired 100% of their US distributor FTG Equipment Solutions. The price has not been disclosed.
Based in New Castle, Delaware, FTG has been for many years the distributor of Trime light towers and Tecnogen generators (a BGG brand) covering North America. FTG will generate revenues of US$20 million this year.
The two companies said the acquisition would help accelerate growth in the US at a time when the market is recovering strongly. Over the medium term, Trime and BGG will establish their own local branches, leveraging FTG’s operations.
Steve Scattolini, the Managing Director of FTG, will continue to lead the company under its new owners.
Andrea Fontanella and Paolo Tacconi, respectively Chairman and CEO of Trime, said: “We are very happy to have completed this operation that will allow to strengthen the presence of our Group in the North American market as well as the international positioning of the Group.
“The US represent the largest market in the world for lighting towers and, at this stage, is experiencing a deep change with an increasing interest in ‘green’ products, which are already widespread in Europe and where Trime has always played a leading position”.
Renato Bruno, CEO of BGG Group, added; “This operation has a strong strategic meaning as it allows to strengthen our presence in one of the most important markets in the world increasingly oriented to high quality products.
“At the same time this deal will enhance the work done in over five years of collaboration with FTG, ensuring continuity of support for our end customers”.