Following the successful closing of this deal including the required anti-trust review process, steel wire rope specialists Teufelberger and Redaelli Tecna will start shaping their common future. Together, the two companies combined are now among the world's three largest manufacturers of high-performance steel wire ropes. Thanks to the product portfolios perfectly complementing each other, we are now able to offer our customers a wider and more global range of services.
"The merger of Redaelli Tecna and Teufelberger has provided us with a unique expertise concerning technical wire rope solutions as well as a global presence. We are convinced that both our companies as well as our customers all over the world will benefit from the new range of services offered by Teufelberger and Redaelli which complement each other so well. Two great, powerful companies have created an outstanding corporate entity that is poised to become the world's market leader", Florian Teufelberger explains the merger of the two companies.
Giuliano Ambroset, CEO of Redaelli Tecna, also is convinced of the resulting joint opportunities, too. "We are now part of a company that - just like us - possesses a vast amount of expertise when it comes to developing, manufacturing and distributing high-performance steel wire ropes. This merger gives rise to new opportunities and solutions for our customers as well as our own employees."
This new group with approximately 1,300 employees in the fiscal year 2016 generated a total turnover of Euro 240 Million. The combination from the merging of Redaelli and Teufelberger is widely characterized by the wide range of speciality wire ropes - even of larger rope diameters - capable to satisfy a variety of applications with new ropes distribution opportunities. Mainly for the activities offshore and onshore oil & gas, mining, passenger and material transportation, industrial lifting, as well as in the development and production of innovative systems for the tensostructures and for the distribution, service and technical assistance for the lifting sector.