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07/11/2014 - NEW ACQUISITION

ORANGE1 announces today, that it was successful in acquiring a critical amount of shares of the Company G.M.& A srl located in  Chignolo d’Isola ( BG ) – Italy  http://www.gmea.it/
G.M&A  manufactures  high precision small metallic parts. With 7 million Euro turn over and 40 employees, it’s a reference point in the power fluid, pneumatic, electromechanical  and automotive industry.
O1 choose to invest in this project because it fits in perfectly with the grow strategy,  more specifically for the exceptional technical potentials and for the market in which G.M &A operates. This ambitious project will keep G.M &A to become a market leader.
O1 has set up a development plan for the coming years, it includes investments for automatic equipments and for a manufacturing plant abroad,  it has been estimated in 5 million Euro.

With an annual turn over of over 140 million Euro, 8 production plants and 1.000 employees O1 consolidated its leadership position in the electro mechanical market.

 
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ORANGE1 is one of the leading manufacturer of inductive motors in Europe. The Company offers a large range of motors made in over 40 years of experience and tradition.
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