Generac Closes on the Acquisition of Tower Light Business
August 01 2013 - 7:00AM
Business Wire
Generac Holdings Inc. (NYSE: GNRC), a leading designer and
manufacturer of generators and other engine powered products,
announced today the closing of the purchase agreement to acquire
the equity of Tower Light Srl and its wholly-owned subsidiaries
from European private equity fund Ambienta I, advised by Ambienta
SGR, and a group of minority-share investors. As previously
disclosed in a press release dated July 25, 2013, Tower Light is a
leading developer and supplier of mobile light towers throughout
Europe, the Middle East and Africa. With approximately 100
employees, Tower Light’s net sales for year ended December 31, 2012
were approximately €37 million.
About Generac (NYSE: GNRC)
Since 1959, Generac has been a leading designer and manufacturer
of a wide range of generators and other engine powered products. As
a leader in power equipment serving residential, light commercial,
industrial and construction markets, Generac's power products are
available internationally through a broad network of independent
dealers, retailers, wholesalers and equipment rental companies.
About Tower Light Srl
Tower Light Srl, founded in 1996 and based outside Milan, Italy,
is the European leader in the production of lighting towers for
construction and other applications. Through continuous product
development and a broad distribution network, Tower Light Srl has
become a leading supplier to construction and equipment rental
companies, providing mobile power equipment that meets the specific
needs of geographic markets across the world.
Source: Generac Holdings Inc.
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