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Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited
FINMASI Group take over TECHCI RHÔNE-ALPES
Article Type: Industry news From: Circuit World, Volume 37, Issue 4
FINMASI Group have bought 100 percent of the capital stock of company TECHCI RHÔNE-ALPES– located in Saint-Genix-sur-Guiers – from the France-based holding COFIDUR located in Nogent-sur-Marne. Founded in 1983, with a turnover of €13 million and 92 employees, TECHCI RHÔNE-ALPES is specialized and highly qualified in the production of PCBs for the technological industry, in particular for aerospace, military and industrial applications.
Through this acquisition, TECHCI becomes part of FINMASI Group, to which belongs our company CISTELAIER SPA (€17 million turnover and 135 employees). Also CISTELAIER has been producing a wide range of PCBs since more than 25 years and it is highly qualified in various sectors, such as medical, railway, military and automotive. In particular, CISTELAIER is specialized in the production of prototypes, of small and medium series, also in quick turn around.
Through this acquisition, FINMASI Group, which since 1961, that is to say since more than 50 years, successfully operates in the steel service industry and in the production of sensors for industrial automation, reaching a consolidated turnover of about €150 million in 2010, intends to strengthen its presence in Europe in the PCBs’ sector. Therefore, FINMASI Group now offers its customers the benefits of the synergies between TECHCI and CISTELAIER.