TRIME, a company specialising in the design and production of mobile light towers and associated equipment for the construction and event markets, have announced the completion of the acquisition of 100% of the share capital of DOA Srl.
DOA Srl is a well-established company currently active in the marketing of power generation machinery and hydraulic tools. They are based in Novedrate, 30 km north of Milan. The DOA management teams will continue support the company during the integrating phase with Trime in order to ensure a smooth and seamless transition.
This latest acquisition is part of Trime’s strategic industrial plan. This programme includes both internal development of the Trime Group whilst pursuing similar opportunities to acquire like-minded companies with complementary product portfolios.
Mr.Andrea Fontanella, President of Trime, who leads the company together with the CEO Mr.Paolo Tacconi said: "We are delighted to welcome DOA to the Trime Group; this acquisition represents a fundamental step in our strategy to grow international markets. From today, customers around the world will be able to benefit from an even broader range of products, in addition to our range of equipment which is currently based around mobile light towers and generators”.
DOA shareholders added, "The transaction with Trime is the natural step for our company to develop a greater range of products and a wider distribution platform especially to the global rental markets".
The Trime Group is headquartered in Cassinetta di Lugagnano, near Milan, Italy. The company manufactures a wide range of sustainable lighting towers for the use on outside events, construction, rail and highway projects. Trime equipment is distributed worldwide through a line of dedicated dealers and distributors.