NEW ACQUISITION. TECNOGEN CONSOLIDATES ITS PRESENCE IN THE US MARKET
Milan, New Castle (DE), September 8, 2021. BGG – Bruno Generators Group – and Trime, portfolio company of Wise Equity, have jointly acquired 100% of the U.S. company FTG Equipment Solutions.
FTG is based in New Castle (DE) and has been distributing TecnoGen TIER IV Final generators (BGG Group brand) and Trime light towers for many years, covering the North America market with a wide sales network capable of serving the main local operators in the construction, rental, and events market. FTG will reach a turnover of 20 million dollars in 2021. In the medium term, BGG and Trime will establish their own local subsidiaries along the path already laid out, using FTG’s structure.
Steve Scattolini, Managing Director of FTG will continue to lead the company in this new development phase with the support of BGG and Trime.
“This operation has a strong strategic meaning as it allows to strengthen our presence in one of the most important markets in the world which is increasingly focused on high quality products. At the same time, this deal will l enhance the work we have done in over five years of collaboration with FTG and ensure continuity of support for our end customers” said Renato Bruno, CEO of BGG Group.