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As already communicated, we are pleased to announce that on April 30th, 2009 the entrance of AROL S.p.A. in FT System S.r.l. stock has been formalized.
FT System and Arol have thus agreed a project for the growth and internationalization of FT System, defining in particular:
FT System and Arol have immediately shared all main topics on the opportunity of developing together the FT System activity; manifold similarities were found, such as:
FT System has experienced a 10-year long steady growth, progressively establishing as leader company in Italy in the manufacturing of control and inspection systems for filling lines and gaining remarkable market shares - over 50% of the national market and several references and applications in more than 60 countries all over the world. Most FT System customers - both end users and OEM integrators - are companies operating on international markets. FT System technical staff, strongly oriented to product innovation and top quality, performs today a wide and complete range of inspection systems for any productive requirement. FT System was motivated to find an industrial partner for sharing an ambitious project for the company growth and internationalization by the strong will to compete on the global market, still offering the best service for meeting the customers' needs.
Fabio Forestelli (President of FT System): “Choosing Arol as partner to implement the internationalization project of FT System was motivated by the many industrial similarities and by the potential of Arol, which has been on the reference market for decades and featuring direct branches in various continents. The high personal affinities between the management have been the basis for reaching an agreement and guarantee the positive project development.”
Alberto Cirio (Managing director of AROL S.p.A.): “The strong attitude to product innovation following and forecasting the evolution of customers' needs, the precise will to reach top quality levels and the natural inclination to the business growth and internationalization, that have always featured AROL, have been fully shared with FT System team and are the pre-condition for accelerating the business of both companies, thanks to the industrial and commercial synergies that will be immediately activated”. |