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.
Copyright Business Wire 2013