Cattini e Figlio Spa, an Italian MNC, has established a state of the art manufacturing unit in Pune's Sanaswadi area. The facility, with an investment of several millions, will focus on producing various machinery products, including gears, shafts, and synchronisers. The new entity will operate under the name Cattini Power Transmission Pvt. Ltd.
Lorenzo Cattini, Chairman of Cattini Group said “This venture is expected to provide economic stability to the region."
In the initial phase the company aims for a turnover of Rs 45 crore, with a target turnover for phase two set at Rs 250 crore in a span of three years. Cattini India aims to achieve a substantial turnover of Rs 600-Rs 700 crore within five to seven years, the press release noted.
Massimiliano Bennici, Director-Cattini Group said, "This marks Cattini’s entry into the Indian market and represents a crucial step in our growth strategy to expand our presence in the Asia-Pacific region."
Thomas Mathew, Director, Alcor Cross Border M&A Pvt. Ltd., expressed Alcor’s significant role in structuring, planning, executing the transaction, and setting up Cattini’s manufacturing facility in the Indian market. Alcor’s M&A expertise and their role as trusted strategic advisors will propel Cattini’s Asian debut towards phenomenal success.