Acquisition of Tegis' business strenghtens Ensto's experience and know how in cold shrink technology

Ensto has founded a new company Ensto Elettrica srl in Milan, Italy and acquired new business technology from the Italian company Tegis srl. Tegis is a start-up and family company since 2003 with personnel of 4 people specialising in the development and manufacturing of cold shrink technology products for utility network construction materials. Before the transaction, Tegis has been a privately owned company by Mariani family. The acquisition is a strategic step for Ensto in becoming a significant European provider of utility network underground cable accessories.

Through the acquisition, Ensto aims to commercialize the products developed by Tegis through its sales networks, develop full offering of medium voltage cold shrink joints and terminations and produce products in its manufacturing site. Cold shrink technology is emerging in medium voltage joints and terminations due to its easy and fast installation. It completes Ensto's offering in medium voltage underground cable accessories where it until now has products based on heat shrink technology. Through this acquisition Ensto gets inside knowledge and decades’ long experience in cold shrink silicone technology and manufacturing.

The new company Ensto Elettrica srl in Milan, Italy was founded on 25 June 2008. This company acquired the assets of Tegis srl, employed its personnel and rented a production plant of 600 m2 situated in Cormano, Milan. Mr Markku Kokkonen, Operations Director in Ensto Utility Network, is acting as Managing Director of Ensto Elettrica srl along with his other duties. The former owner of Tegis srl Mr Marco Mariani has a key role in transferring the business into Ensto and introducing its products to Ensto’s sales network and manufacturing processes.

For further information:

Markku Wederhorn, President, Ensto Utility Networks, tel. +358 204 76 2264