Tesmec S.p.A.: increased the shareholding in the share capital of the French company Marais Technologies.

Grassobbio (Bergamo - Italy), 31 January 2018 - Tesmec S.p.A. (MTA, STAR: TES), at the head of a group leader in the market of infrastructures related to the transport and distribution of energy, data and materials, announced that that it has today acquired a further shareholding of 13.2% of the share capital of Marais Technologies SAS ("Marais"), a French company already controlled by Tesmec with a stake of 52.8% of the share capital - head of a leading international group in the rental and construction services of infrastructure machinery in the telecommunications, electricity and gas sectors.

The participation in the shareholding was transferred to Tesmec by C2D SAS, a company linked to Daniel Rivard, current Marais President, in the execution of broader agreements (referred to in Press Releases of 27 March 2015, 8 April 2015 and 22 December 2015) concluded, on the one hand, by Tesmec and, on the other, by Daniel Rivard and C2D.

The price paid for the purchase of the investment amounted to Euro 1.5 million, which could be increased by additional Euro 2 million at the achievement of target revenues (for the year ending on 31 December 2017) and margins (relative for the year that will expire at 31 December 2018).

Daniel Rivard will continue to be Marais's operational president.

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For further information:
Tesmec S.p.A.
Image Building - Media Relations
Lucia Caccia Dominioni
Simona Raffaelli, Alfredo Mele
Investor Relator
Tel: +39 02 89011300
Tel: +39 035 4232840 - Fax: +39 035 3844606
E-mail:tesmec@imagebuilding.it
E-mail:ir@tesmec.com
This press release is also available on
http://investor.tesmec.com/Investors/Notices.aspx.

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Tesmec Group

Tesmec Group is leader in designing, manufacturing and selling of systems, technologies and integrated solutions for the construction, maintenance and efficiency of infrastructures related to the transport and distribution of energy, data and material. In details, the Group is active in the following sectors: 1) transmission and distribution power lines (stringing equipment for the installation of conductors and the underground cable laying, electronic devices and sensors for the management, monitoring and energy automation); 2) underground civil infrastructures (high powered tracked trenchers for linear excavation of oil, gas and water pipelines, telecommunication networks and drainage operations; surface miners for bulk excavation, quarries and site preparation; specialized digging services); 3) railway lines (railway equipment for the installation and maintenance of the catenary and for special applications, e.g. snow removal from track; new generation power unit). The Group, established in 1951 and led by Chairman & CEO Ambrogio Caccia Dominioni, relies on more than 700 employees and has the production plants in Italy - in Grassobbio (Bergamo), Endine Gaiano (Bergamo), Sirone (Lecco), Monopoli (Bari), in the USA, in Alvarado (Texas) and in France, in Durtal, as well as three research and development units respectively in Fidenza (Parma), Padua and Patrica (FS). The Group also has a global commercial presence through foreign subsidiaries and sales offices in USA, South Africa, Russia, Qatar, Bulgaria, China and France. The know-how achieved in the development of specific technologies and solutions, and the presence of engineering teams and highly skilled technicians, allow Tesmec to directly manage the entire production chain: from the design, production and sale of machinery, to all pre-sales and post-sales. All product lines are developed in accordance with the ISEQ (Innovation, Safety, Efficiency and Quality) philosophy, with environmental sustainability and energy conservation in mind.

Tesmec S.p.A. published this content on 31 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2018 16:44:11 UTC.

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