Venice, May 24th, 2021 – ITAGO SGR (ITAGO) completed today the acquisition of 81.6% of Teknoice S.r.l. (TEKNOICE), Italian leader and world player N°3 in machinery and plants for industrial ice cream production and confectionary www.teknoice.com. With an annual revenue of € 23 million and sales all over the world, the company, based in Buccinasco (MI), is the expression of the best Italian technology in the refrigeration world, in the mixing section, extrusion, hardening and wrapping of ice cream sticks, cones, bars and bulks.
TEKNOICE took some years ago the technological and environmental choice to offer its customers complete lines based on CO2 refrigeration, a green solution which is intended to rapidly replace the Freon refrigerant gas (a gas with greater environmental impact, already subject to limitations in the European Community).
As technological leader in CO2 solution which involves essentially zero emissions, energy saving, high productivity and highest product quality, TEKNOICE counts amongst its customers all major world ice cream producers, both brands and private label producers.
ITAGO’s goal is to grow the company competing with the world leaders in the industry, counting on a strong management and a high innovation approach.
The founders of TEKNOICE, Mr. Ferrarini, Mr. Conte and Mr. Maganza will keep their role in the company ensuring the continuity of existing projects and policies and the usual customer care , supported by the involvement into the organization of new managers.
Nicola Bordignon (Managing Partner at ITAGO) declares: “Within the well known sector of machinery and plants for food, we found Teknoice able to lead a technological transition, even starting from SMEs. We think that the primary role of a private equity fund is to manage the development of a technologic leadership in order to compete at a global level.”
Luigi Ferrarini (Teknoice founding partner) comments: “We are satisfied to see in ITAGO a financial partner which can contribute to the dimensional and managerial growth of our company. We are in a fully expansive phase and new contacts and new projects are opening up, which will lead TEKNOICE to play a primary role in the ice cream world, a rapidly expanding market”.
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About ITAGO:
ITAGO SGR was founded by Domenico Tonussi, Nicola Bordignon, Piergiorgio Fantin and Daniele Mondi and has offices in Venice and Milan. TEKNOICE was acquired by private equity fund named “ITAGO IV”.
