Sep. 12, 2021
Trime, Cassinetta di Lugagnano, Italy, an international manufacturer of light towers, and BGG Group, Tribiano, Italy, including Tecnogen Spa — an international manufacturer of generators, have partnered to focus on growth in the North American equipment market and finalized the acquisition of FTG Equipment Solutions, New Castle, Del., their exclusive dealer in North America, on Sept. 3.
All current FTG Equipment Solutions staff are to remain with the company. The acquisition will enable complete vertical integration from production through distribution.
Steve Scattolini, FTG managing director, has been named president and CEO and will lead the North American operations for the company.
“We are very happy to have completed this acquisition which will strengthen the presence of our Group in the North American market, as well as the international positioning of the Group. North America represents 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,” Andrea Fontanella, Trime chairman and Paolo Tacconi, Trime CEO, said in a joint statement.
“This acquisition has a strong strategic meaning as it allows the Group 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 during the past five years of collaboration with FTG, ensuring continuity of support for our end customer,” said Renato Bruno, BGG Group, CEO.
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