Tesmec’s new French connection
Italian infrastructure firm Tesmec has expanded its capabilities and its global reach with the acquisition of French company Marais Technologies on 27 March this year. The group, which supplies a range of technologies including trenchers for pipelaying and major infrastructure projects, was keen to make the most of its new French connection at Interbuild 2015.
“France is one of the only markets that are investing in electrical cable and fibre,” said Tesmec chairman and chief executive Ambrogio Caccia Dominioni. “This is a good opportunity for us to start in the market.”
Marais, which focuses on fibre optic and cable installation, has strong rental and service elements, accounting for 70% of its business. It also has a strong presence in France, North Africa, Australia and New Zealand complementing Tesmec’s leading markets of Middle East, North and South America and South Africa. The combined group now has production sites in France, Italy and the US.
Dominioni sees opportunities for the future in a number of growth areas: the roll-out of fibre-to-the-home (FTTH) in the telecoms sector, smart grid in the power sector, with many high-voltage electrical cables going underground and the need for water pipelines in developing regions such as South America.