Proud of its origins, Bergamo’s based Tesmec Group aims to be the best business partner in a changing world as stated on the company’s official website. The company was founded in 1951 in Grassobbio, a small town near Bergamo (Northern Italy), by Annibale Caccia Dominioni and Alfredo Brignoli.

 

It is now lead by the Chairman and CEO Ambrogio Caccia Dominoni and and it decided to go public in July 2010 (Tesmec is traded on Milan Stock Exchange). Tesmec Group operates in the infrastructure market for the transport of energy, data and material (oil and derivatives, gas, water). Over the years Tesmec Group has seen its market position in the field of stringing equipment strengthen.


Recently, Tesmec Group has won a contract with Brazilian company AbencorSuministros, a subsidiary 100% owned by Abengoa SA, a Spanish multinational corporation that invests in innovative sustainable technology solutions in the energy and environmental sectors.

 

The Abengoa Group is an international leader in the construction of transmission lines that support electricity networks. Over the last five years Abengoa has built more than 5,000 km of transmission lines in countries like Brazil, Peru, Chile, Argentina, France, Spain, Romania, Morocco and India.

 

The above mentioned contract recently awarded to Tesmec with AbencorSuministros is worth approximately €36m. Specifically, Tesmec Group will supply machines and accessories for stringing operations in one of the largest construction projects of transmission lines in the Eastern part of Brazil. This large project consists of the construction of over 5,000 km of transmission lines with a voltage of 500Kv.

 

The project was announced last November and construction is due to start towards the end of 2014 and finish in 2015. Ambrogio Caccia Dominioni commented:

“We are very pleased with the contract. This represents great recognition for Italian technology innovation and also for the Italian business and political environment that helped us in securing this deal”.

Tesmec Business Vision (credits: tesmec.com)

Tesmec Business Vision (credits: tesmec.com)

Tesmec Group has more than 470 employees and has five production plants: four in Italy, in Grassobbio (Bergamo), Endine Gaiano (Bergamo), Sirone (Lecco), Monopoli (Bari), and one in the USA, in Alvarado (Texas). Tesmec pursues a strategy of business diversification. In particular, Tesmec designs, manufactures and sells products, technology and integrated solutions for the construction, maintenance and efficiency of infrastructure related to the transport and distribution of energy, data and material. Tesmec offers a wide range of products and services, namely:

  1. machines and integrated systems for aerial and underground stringing
  2. power lines and fibre optic cablesand integrated solutions for smart grids
  3. machines and integrated systems for the installation, maintenance and troubleshooting of overhead railroad wiring/catenaries
  4. high powered tracked trenchers for linear excavation of underground networks and pipelines
  5. delivery of data, raw materials, and liquid and gaseous materials
  6. high powered tracked trenchers for mining and levelling works (RockHawg)
  7. consulting services and specialised excavations
  8. multi-purpose construction equipment (Gallmac)

According to Tesmec, today the Group not only sells technologically advanced machines, but fully integrated systems for electrification and excavation that ensure extremely high performance. The Group has commercial activities worldwide and can count on a direct business presence in many parts of the world. Tesmec has a network of subsidiaries and sales offices in the USA, South Africa, Russia, Qatar, Bulgaria and China.

 

Bergamo’s Tesmec… speed read:

1 – The company sells products, technology and integrated solutions for the construction, maintenance and efficiency of infrastructure.

2 – Recently has won a contract with Brazilian company AbencorSuministros.

3 – Tesmec has a network of subsidiaries and sales offices in USA, Eastern Europe, Middle East and Asia. Tesmec has been traded on Milan Stock Exchange since 2010

 

 

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massimo morici

Massimo works as a financial journalist for the monthly newsmagazine ADVISOR, AdvisorOnline.it (asset management) and Panorama.it
massimo morici
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