“Thanks to this partnership, we hope to diversify our offer in some strategic markets, thus enhancing the Group’s global presence and taking advantage of growth opportunities in market segments in which the Group is currently only partially present,” said Landi Renzo CEO Claudio Carnevale.
During 2012 Emmegas achieved sales of around 3.2 million Euro and a negative Ebitda of about 164 thousand Euro. At 31 December 2012 the company’s total assets amounted to around 3.2 million Euro and net financial debt to around 1.7 million Euro, which during the first two months of 2013 fell markedly thanks to the profitable sale of a real estate asset.
Emmegas S.R.L. has been producing LPG and CNG components and fuel systems for vehicles for twenty years and offers products to meet specific needs on some important markets of Asia and America.
Source: Landi Renzo
