Monopoli, Italy - This action confirms the strategy, shared by MER MEC and "Investitori Associati", to become the largest global group in the rail diagnostics and one of the technological leaders in signalling sectors.
he fund's investment will allow MER MEC to strengthen its national and international business development activities, to finalize its international acquisitions and to be quoted in the stock exchange by 2010, at which point the private equity fund will sell its shares and exit from its equity position.
he initial agreement with "Investitori Associati" comes a few months after the positive conclusion with the fund "Fondo per il Mezzogiorno SanPaolo IMI" from which MER MEC repurchased the shares previously sold.
The choice of a new financial partner indeed reflects the importance of reaching the goals of the new strategic plan. Another significant issue is the appointment of Mr. Silvano Brandi (in the photo) as Managing Director of MER MEC effective from May 1st, 2008.
Mr. Brandi, former Managing Director of GE Transportation Global Signalling Europe, will work together with Mr Vito Pertosa in his new role as President of the Group as well as overseeing research and innovation activities.
Today, the MERMEC Group, which is has sold products in 35 countries, controls ImageMap (Columbia, South Carolina, USA) and Inno-Tech (Marsiglia, France), and is in a joint venture with Tecnogamma (Treviso, Italy).
The MERMEC Group is present in China, France, Great Britain, Italy, Norway, South Korea, Spain, Switzerland and United States with branch and technical support offices.