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TESMEC, New Shareholder of GROUPE Marais

1 Apr 2015 1:32 PM -

Date : 03/06/2015

Marais Laying Technologies Pty Ltd is pleased to announce that TESMEC S.p.A just signed at the beginning of April the contract for the acquisition of our French parent company, Marais Technologies (Trading as GROUPE MARAIS).

TESMEC (located to Grassobio, ITALY), among the main global players offering integrated solutions for infrastructures related to transmission of electrical power and data and material transport, concluded a contract related to the acquisition of the entire share capital of the French Group Marais Technologies SAS. The acquisition is of strategic importance for TESMEC in that it will allow the Group to use the technological skills developed by Marais as part of the service activities in the Power, Telecommunication and Oil & Gas industries. It will allow the Group to use the Marais’s mechanical laying skills of fibre optic, electrical cable and pipeline and to use them in markets where the TESMEC Group has already acquired an important market positioning.

Moreover, the acquisition will allow Tesmec to enter in the French market and, more in general, in all the markets where Marais is a leader (Africa, Australia, New Zealand, etc.) with the aim to further expand its activities in telecommunications, where significant investments are planned over the next few years. Finally, the transaction will allow the Tesmec Group to use the expertise of Marais in contracting, rental of machines and in complementary services.

 Ambrogio Caccia Dominioni, Chairman and Chief Executive Officer of Tesmec S.p.A, commented:

“The Transaction concluded by our group is of strategic importance for us in that it will allow us, on the one hand, to make use of the technological know-how of Marais in the services and rental of machines in markets where we have already acquired an important market positioning, and, on the other hand, it will allow us to enter in new geographical areas where Marais has a position of absolute leadership. Therefore, I am convinced that this acquisition will allow us to develop further initiatives at the international level, thanks mainly to significant synergies and complementary skills in their respective markets of reference on which we can rely”

This acquisition of GROUPE Marais by TESMEC appears as a major asset for the Marais’s subsidiaries all around the world and especially in Australia. Indeed, the addition of the machine ranges, from both companies (GROUPE MARAIS and TESMEC) will allow Marais Laying Technologies to broaden and expand its service ranges in Asia Pacific and to propose additional solutions to our customers.

For more information about the TESMEC businesses and ranges of machineries, please consult the TESMEC website using the link below :
www.tesmec.com

 Best regards,

 THE MARAIS LAYING’S TEAM

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