Rollon

Rollon announces the closure of the transaction with the Italian company Tecno Center involving the acquisition of the Turinese producer of linear actuators and components for linear motion systems for industrial automation. Rollon entered the linear actuator market in 2011 by acquiring the Italian company El.More. The Tecno Center acquisition aims at strengthening Rollon's offer in the actuator segment, and expand its current range with complementary and technologically advanced and more complex products, capable of high performance in applications in industrial sectors such as domestic appliances, automotive and machine tools. As a result, the actuator range is the most competitive in Italy and among the most complete worldwide, which strengthens the Group's offer in Italy and all other areas where Rollon is already present with direct branches or sales offices: in Europe (Germany and France), the USA, and emerging markets (Brazil, Russia, China and India). Tecno Center, founded in 1971 in Venaria Reale (Turin), can boast strong leadership in the national market. Already, Tecno Center products are being made in Vimercate where the entire workforce of the Turin company is now employed. The acquisition was finalized with the support and commitment of Chequers Capital and IGI SGR, the majority shareholders.