Acquisition of leading light tower manufacturer positions as a global leader in mobile power equipment and accelerates international expansion efforts
--(BUSINESS WIRE)--Jul. 25, 2013-- (NYSE: GNRC), a leading designer and manufacturer of generators and other engine powered products, announced today the signing of a purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I, advised by Ambienta SGR, and a group of minority-share investors.
Founded in 1996 and headquartered outside , Tower Light is a leading developer and supplier of mobile light towers throughout , the and . Tower Light has experienced growth and built a leading market position in the equipment rental markets by leveraging their broad product offering and strong global distribution network in over 50 countries. With approximately 100 employees, Tower Light’s net sales for year ended were approximately €37 million.
“Tower Light is a great strategic fit for Generac’s business, providing an expanded product offering of light tower generators to support additional geographic markets beyond those we serve today,” said , President and Chief Executive Officer of . “Acquiring Tower Light positions us as a global leader in light towers, allowing us to participate in the growing rental market for these products outside the U.S.”
“This is a very exciting development for Tower Light which opens up many new opportunities and allows us to continue to innovate and further develop the Tower Light product range. We are pleased to join the family, and we look forward to our continued success as we work together to execute on potential synergies and drive global growth for mobile power products,” said , Founder and Managing Director of Tower Light Srl.
Following the close of the transaction, Tower Light’s management team will continue to lead the company and the Tower Light brand name will join Generac’s brands, including Magnum and Ottomotores, in serving global power generation and associated markets. It is expected that the transaction will close in the third quarter of 2013, pending standard closing conditions. The purchase price of the acquisition was not announced.
company news is available
24 hours a day, on-line at: http://www.generac.com.
About (NYSE: GNRC)
Since 1959, has been a leading designer and manufacturer of a wide range of generators and other engine powered products. As a leader in power equipment serving residential, light commercial, industrial and construction markets, power products are available internationally through a broad network of independent dealers, retailers, wholesalers and equipment rental companies.
About Tower Light Srl
Tower Light Srl, founded in 1996 and based at d’Ardenghi (PV), is the European leader in the production of lighting towers for construction and other applications. Through continuous product development and a broad distribution network, Tower Light Srl has become a leading supplier to construction and equipment rental companies, providing mobile power equipment that meets the specific needs of geographic markets across the world.
About Ambienta, Sgr
Ambienta SGR is the largest European private equity fund focused on the growth environmental sector. , with commitments of €217.5 million, has to date completed 10 investments in the areas of energy efficiency, pollution reduction, renewables, recycling, and primary resource management. Ambienta contributes actively to the development of its portfolio companies, offering industrial and managerial expertise and broad industrial relations. Learn more about Ambienta at www.ambientasgr.com.
Certain statements contained in this news release, as well as other information provided from time to time by or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Forward-looking statements give current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "forecast," "project," "plan," "intend," "believe," "confident," "may," "should," "can have," "likely," "future" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.
Any such forward looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including:
- demand for products;
- frequency and duration of major power outages;
- availability, cost and quality of raw materials and key components used in producing products;
- the impact on our results of the substantial increases in our outstanding indebtedness and related interest expense due to the dividend recapitalization transactions completed in and 2013;
- the possibility that the expected synergies, efficiencies and cost savings of the acquisitions of the Ottomotores and Tower Light businesses or other acquisitions will not be realized, or will not be realized within the expected time period;
- the risk that the Ottomotores and Tower Light businesses or other acquisitions that we make will not be integrated successfully;
- difficulties may encounter as its business expands globally;
- competitive factors in the industry in which operates;
- dependence on its distribution network;
- ability to invest in, develop or adapt to changing technologies and manufacturing techniques;
- loss of key management and employees;
- increase in product and other liability claims; and
- changes in environmental, health and safety laws and regulations.
Should one or more of these risks or uncertainties materialize, actual results may vary in material respects from those projected in any forward-looking statements. A detailed discussion of these and other factors that may affect future results is contained in filings with the (“SEC”).
Any forward-looking statement made by in this press release speaks only as of the date on which it is made. undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Specialists since 1997 – 20 years of innovation
We are dedicated to the production of mobile lighting towers for a range of sectors from rail and infrastructure to construction, events and hire. We develop innovative products with high performance, versatility and reliability. In 2013 the company was acquired by Generac Power Systems, Inc., the leading American manufacturer of commercial, industrial and portable power generators. This acquisition allowed Generac Mobile® to take a step forward and has allowed us to bolster our new product development and introduce a raft of new and innovative mobile power products to expand our range. Since 1997, we have established ourselves as the dominant player in the European market, with a worldwide presence and continuous growth throughout the years.
September 9, 2021
An interview to our dealer Modern Machinery Far East
Modern Machinery Far East is one of the largest suppliers of equipment and spare parts in the Russian Far East, and an official distributor […]
September 1, 2021
Generac Acquires Off Grid Energy
Generac Expands Energy Storage Portfolio with Acquisition of Off Grid Energy Generac Holdings Inc. (NYSE: GNRC) (“Generac”), a leading global designer and manufacturer of energy […]
June 28, 2021
PRO line: the revolution is here
In the last few years, while most Lighting Tower manufacturers planned and recently introduced a very specific multi-product strategy (engine, battery, hybrid, solar…), Generac […]
July 27, 2021
Generac Acquires Deep Sea Electronics
Generac Holdings Inc. announced the acquisition of Deep Sea Electronics Limited, an advanced controls designer and manufacturer. As a leader in the industry, Deep Sea […]
All the news
MLT6 Series Light Towers
Generac Magnum MLT6 series mobile light towers are designed to provide maximum lighting and power with a minimal footprint. The MLT6 series towers set up in just one minute, and the rear flip hood provides unobstructed service access. Externally illuminated controls and rear LED trailer lights improve visibility and operator safety. With all of these features and a durable and easy-to-maintain poly enclosure, the MLT6 series continues to lead the way in jobsite efficiency.
- Available with metal halide or long-lasting LED lights
- Compact Footprint
- Additional Power Outlets
- Manual or electric winch options on a fully rotational mast
- Optional Controller
- DOT Approved
PLT Series Light Towers
LINKTower™ is a unique portable lighting solution for a wide range of jobs, events and projects, indoors and out. LINKTower provides the same powerful illumination as Generac’s full-size LED light towers, but its compact design allows for ultimate versatility and ease of use. Use one, or LINK two towers together, the linking capability allows for flexibility and versatility in lighting events and jobsites. And, because it’s powered by a standard 120V outlet, there are no harmful fuel emissions, making LINKTower a clean and safe choice for temporary lighting needs of all kinds.
- Shore-powered LINKTower produces zero localized emissions, so it’s safe to use indoors and out
- Low voltage on external mast cords for safer handling
- Power from 120V utility power source, generator or another light tower
- Smaller size and mast design fits through a standard door opening
- Lowest total cost of ownership for a light tower
- Instant-on LED lights
- Easy to use
3000/4000/5000 Series Light Towers
The long-time, proven standard in light towers, Generac Magnum 3000, 4000 and 5000 series light towers provide dependable lighting in a robust powder-coated steel enclosure. Available in vertical and horizontal mast models, each series of towers provide an additional level of performance characteristics. 3000 series towers offer a small body chassis, with a smaller fuel tank, while 5000 series towers offer the widest body and stance in the line, designed to withstand wind speeds up to 65mph (105 kph).
- Reliable performance with final tier 4 engines
- Range of body widths
- Extended run times
- Was of use
- Telemetry Interfacing Available
- Manual or electric winch options
- 23, 25 and 30 foot mast heights
View All Available Products at Generac Mobile Products.
Tower generac mobile light
It was a great success one on one with a soldier. The strength was on his side: he saw the enemy, but he himself remained unnoticed. But the soldier was nowhere to be seen. - Probably, he is also one of those who are in the castle, Vaclav decided to himself. Well, the hunt has begun.Generac Mobile Introduces World's First Hybrid Light Tower
"And immediately I find myself in a photo of naked Svetka, shamelessly spread out on crumpled sheets. - And these. Svetka peeks from behind my back, while her naked boobs almost fall out of the open robe, revealing a blue spot of aspiration on the white skin and anticipating my. Legitimate question, reports: - It was Lenka who was fooling around, the sea tan goes off quickly, and I will brag about pictures.
- And what are the bruises on your boobs.
- Shocks for ford f150
- Caterpillar fault codes
- Ride safer vest review
- Tweens in bikinis
- Unlock oneplus 6t
- Epic games launcher account
- Amazon float tube
- Google docs address label template
- Butterfly knife sapphire
I was 12 years old, my older brother was almost 18, my younger sister was 8 or 7. On that day, the parents safely sailed off to work and there was absolutely nothing to do. Summer, rain, no walk, nothing.