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FROM IDROBASE AND IDROTECH MERGER

“Small is beautiful” but for some years it is less and less “nice” if the goal is to be more competitive on world markets. That’s why Bruno Ferrarese and Bruno Gazzignato, founders of 4 leading companies as regards production of special washers and plants in the pressure water market set up on the wake of the Idrobase leader, took the decision to merge companies together forming Idrobase Group.

“New market dynamics make business recapitalization indispensable and increase our strike force - Bruno Gazzignato has explained - one of the main benefits of this choice is the resulting reduction of structure and management costs, synergies between the two companies are extended and they provide to companies, under the same name, a service and an integrated product.“

With the merger agreement signed in recent days, Idrobase Group is already on the market as a single entity even though the brands continue to be shining lights. Idrobase continues to stay on the professional washers market, as well as Club dei Riparatori as supplier of components to repair any type of washer, Idrotech for cooling plants, and Perfect Cool for the marketing of fogging systems. The group will close 2011 with a turnover of around 8 million euros  of which 79% is distributed in 82 countries with special reference to Russia, Canada, Australia, Poland, Argentina and Mexico.

“In Borgoricco headquaters today we employ 38 people, but the ambition is to double the number of employees within the space of five years by doubling equally our turnover - Bruno Ferrarese has said -. This is a very down-to-earth goal in which we very much believe, and it is what we have been doing since 2006 to nowadays. Five years in which we have doubled our turnover in spite of the latter two years that have been anything but simple.“