Emak SpA : The controlled company Tecomec acquires 51% of Geoline Electronic

Press release

Emak Group

The controlled company Tecomec acquires 51% of Geoline Electronic

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Bagnolo in Piano (RE), 28 January 2014 - Emak announces that today the controlled company Tecomec S.r.l. has acquired 51% of the share capital of Geoline Electronic S.r.l. from Dinamica Generale S.p.A., according to the terms previously announced on October 10, 2013.

Thanks to this operation, Tecomec S.r.l. will be able to expand its product offering with electronic control systems to be fitted to machinery for weeding and spraying, widen its customer base and, in general, strengthen its market position.

Moreover, through this operation, Emak Group will acquire specific know-how in the electronics field,a technology technology that will allow to develop other applications throughout the Group.

Tecomec S.r.l. is a leading company in the production and sale of components and accessories for gardening, forestry, high-pressure washing and agriculture. In this last sector Tecomec operates through the  Geoline division, the activities of which include the planning, production and sale of accessories and components for weeding and spraying agricultural machinery.

Dinamica Generale S.p.A. is a company that carries on the research, development and production of electronic, electro-mechanical and mechanical equipment; it has focused its attention on the planning and production of load cells and innovative electronic weighing systems applied to the agricultural market, besides operating in the industrial and medical sector offering high-tech customised systems.  

For additional information:
Mr. Andrea La Fata
Investor Relation Office
Phone [phone];Fax [phone]
[e-mail]; www.emak.it

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Emak is one of the main global players in the production and distribution of machines, components and accessories for gardening,
agriculture, forestry and industry such as chainsaws, brushcutters, lawnmowers, garden tractors, motor hoes, power cutters, high pressure pumps, pressure washers. The Group distributes its products through commercial branches and a network of distributors and specialized dealers in more than 80 countries in all five continents. In 2012 Emak Group realized a total turnover of € 354.8 million and counted more than 1,500 employees. .The parent company Emak S.p.A. has obtained the following certifications: Quality ISO 9001, Ethical SA 8000 and Environmental ISO 14001.

Emak_press_Tecomec GE
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