SMRE SPA Today, a Joint Venture Agreement was signed in Austria to set up a new company called RIC TECH GmbH. The new company will be based in Austria. SMRE will own 42% of company's stocks.
Gunskirchen, June 19, 2017 - Today, a Joint Venture Agreement was signed between SMRE Spa, a leading company specialized in the development of highly technological solutions within the field of electrical mobility and BRP-Rotax GmbH & Co KG, a subsidiary of BRP and leader in the production and development of engines for recreational vehicles.The joint venture will combine the well-established experience and the technological know-how that SMRE and BRP hold on their respective markets, with the aim of developing and producing technologically advanced solutions together.
The new company will operate under the name of RIC TECH GmbH and will be based in Gunskirchen, Austria, where BRP's subsidiary is based.
Samuele Mazzini,CEO of SMRE"The agreement signed with BRP represents an important achievement for SMRE. The proven international extent and the ambitious goal of this joint venture is not just source of pride but also confirmation of the important technological positioning of our company. We consider ourselves highly honored to work with a partner that boast hundreds of engineers all around the world and that is able to produce a wide range of products; this is undoubtedly a great success."
Press release will be displayed on the following websites: www.smre.itandwww.emarketstorage.com
S.M.R.E. (SMR:IM), based in Umbertide (PG), more than 90 employees and a strong international vocation (60% of turnover dispatched to abroad), is specialized in the development of highly technological solutions in Green Mobility and Automation fields. Established in 1999, the company operates in two sectors: Green mobility where, due to the development of integrated innovative powertrains, produces electrification KIT di and components dedicated to electric and hybrid mobility world; Automation, dedicated to the planning and implementation of industrial custom-made machinery for processing technical and specific fabrics and materials.S.M.R.E. has two production sites in Italy and an operating branch in America. ISIN: IT0005176299; ISIN Warrant S.M.R.E. 2016-2019: IT0005176463
S.M.R.E.Emittente
Piazza Meucci 1 - Umbertide (PG) Tel. +39 075 9306500
www.smre.it
IR TOPInvestor & Media Relations Maria Antonietta Pireddu m.pireddu@irtop.com
Domenico Gentile, Antonio Buozzi ufficiostampa@irtop.com
Via C. Cantù, 1 - 20123 Milano Tel: +39 02 45473884
www.aimnews.it
BANCA FINNAT EURAMERICANomAd Alberto Verna
a.verna@finnat.it
Piazza del Gesù, 49 - 00186 Roma Tel. +39 06 69933219
www.finnat.it
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SMRE S.p.A. published this content on 20 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 June 2017 07:29:07 UTC.
Original documenthttp://www.smre.it/gestione/img/pdf-doc/SMRE_ANNOUNCES_JOINT_VENTURE_WITH_BRP.pdf
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