DUMAREY GROUP ACQUIRES VITESCO TECHNOLOGIES ITALY
Turin/Pisa, 9th January 2024
The Dumarey Group, leader in the development and production of propulsion systems, has acquired Vitesco Technologies Italy, a Tuscan company specializing in injectors for gasoline engines and exhaust gas treatment systems for diesels applications. In the new organizational structure, the company will take the name of Dumarey Flowmotion.
The transaction was finalized on December 31, 2023.
The acquisition of Vitesco Technologies Italy represents an important step in the growth strategy of the Dumarey Group, which aims to strengthen its position in the global market for propulsion systems.
Through this acquisition, the Dumarey Group will be able to expand its product and service offerings and strengthen its position in the internal combustion engine market, with a focus on alternative fuels, such as hydrogen.
“We are excited to welcome Vitesco Technologies Italy into our family,” said Pierpaolo Antonioli, Chief Technology Officer of the Dumarey Group. “This acquisition will allow us to accelerate the development of innovative, low-emission propulsion solutions, an important step toward the environmental sustainability of the automotive industry.”
“Joining the Dumarey Group represents a great opportunity for us”, commented Riccardo Toncelli, responsible for the Tuscan based companies. “The Dumarey Group has a solid experience in the automotive sector, and it will allow us to accelerate our growth and develop new technologies, related for example to the hydrogen sector. We are very pleased to have finalized this transition on schedule, and we are ready to take advantage of all the opportunities that will result fro, it.”
The transaction was financed by Banca Monte dei Paschi di Siena.
Vitesco Technologies Italy S.R.L. brings an experience of more than 35 years in the automotive market worldwide in the design, industrialization, production and sale of injectors and fuel distribution systems for gasoline engines, as well as exhaust gas treatment systems for Diesel engines. The company has always stood out for its high technological content and is recognized as a center of excellence in both research and development and industrialization and production based on highly innovative technologies.
The Dumarey Group is an independent supplier for the development, integration and production of high-performance powertrain solutions starting with transmissions and engines. Its Turin-based subsidiaries specialize in engineering innovative propulsion systems and state-of-the-art control solutions. Combined expertise in development, manufacturing and technology integration through proven systems and processes enables the Dumarey Group to provide turnkey solutions. Dumarey’s product range also includes transmissions (Dumarey Powerglide in Strasbourg and Bouthéon), injectors and after-treatment solutions (Dumarey Flowmotion, formerly Vitesco Technologies Italy), and kinetic energy recovery and storage systems (Dumarey Flybrid). The Group employs more than 3,000 people in 6 locations in Europe and Asia, with annual sales of about €1 billion. From its founding in 1983 until recently, the Dumarey Group was known as PUNCH.
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