Following the acquisition part of the Dumarey Group, Vitesco Technology Italy will take the name of Dumarey Flowmotion Technologies. 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. We told you about that transaction in this post.
Happy new year, Dumarey Flowmotion Technologies
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. The transaction was finalized on December 31, 2023.
Quoting Vitesco Technology Italy and Dumarey Group
“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 Vitesco Technologies Italy. “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.”