TESMEC S.P.A.: EURO 10 MILLION OF LOAN FROM INTESA SANPAOLO WITH SACE THROUGH“GARANZIA ITALIA” MEASURE
Grassobbio (Bergamo – Italy), 20 May 2020 – Tesmec S.p.A. (MTA, STAR: TES) (“Tesmec” or the “Company”), at the head of a group leader in the market of infrastructures related to the transport and distribution of energy, data and materials, announces that it has finalized a loan agreement for a total amount of Euro 10 million provided by Intesa Sanpaolo with SACE through “Garanzia Italia”, the measure of the “Liquidity Decree” put in place to support Italian companies damaged by the Covid-19 crisis.
The loan, for which SACE issued the guarantee in a few hours, is the first finalized in Lombardy with Intesa Sanpaolo, the first Italian bank to sign the collaboration protocol with SACE to financially support companies damaged by the Covid-19 emergency.
This confirms the commitment of Intesa Sanpaolo and SACE to respond effectively to the needs of businesses, in view of the complete recovery of the economic activities.
Tesmec Group is leader in designing, manufacturing and selling of systems, technologies and integrated solutions for the construction, maintenance and efficiency of infrastructures related to the transport and distribution of energy, data and material. In details, the Group is active in the following sectors: 1) transmission and distribution power lines (stringing equipment for the installation of conductors and the underground cable laying, electronic devices and sensors for the management, monitoring and energy automation); 2) underground civil infrastructures (high powered tracked trenchers for linear excavation of oil, gas and water pipelines, telecommunication networks and drainage operations; surface miners for bulk excavation, quarries and site preparation; specialized digging services); 3) railway lines (railway equipment for the installation and maintenance of the catenary and for special applications, e.g. snow removal from track; new generation power unit). The Group, established in 1951 and led by Chairman & CEO Ambrogio Caccia Dominioni, relies on more than 850 employees and has the production plants in Italy – in Grassobbio (Bergamo), Endine Gaiano (Bergamo), Sirone (Lecco), Monopoli (Bari), in the USA, in Alvarado (Texas) and in France, in Durtal, as well as three research and development units respectively in Fidenza (Parma), Padua and Patrica (FS). The Group also has a global commercial presence through foreign subsidiaries and sales offices in USA, South & West Africa, Australia, New Zealand, Russia, Qatar, China and France. The know-how achieved in the development of specific technologies and solutions, and the presence of engineering teams and highly skilled technicians, allow Tesmec to directly manage the entire production chain: from the design, production and sale of machinery, to all pre-sales and post-sales. All product lines are developed in accordance with the ISEQ (Innovation, Safety, Efficiency and Quality) philosophy, with environmental sustainability and energy conservation in mind.