Energy Services segment: Atel expands to North Eastern Italy
Founded in 1969, Antonini SpA has a workforce of 85 and is expected to generate revenue of approximately CHF 40 million this year. The entire workforce of Antonini will continue to be employed under the Atel Installationstechnik Ltd. (AIT) roof. Antonini SpA delivers services related to the planning, installation, operation and maintenance of electrical plant and equipment, and will strengthen the offerings of Atel Sesti SpA, which is already a key player in Northern Italy.
In AIT Antonini's shareholders have found an ideal partner that will ensure the company's continuity, growth and further development.
This acquisition will boost the revenue generated by the AIT Group on the Italian market in 2008 from CHF 75 million to more than CHF 110 million.
Atel Installationstechnik Ltd.