CELA and Socage acquired by Italian start-up company

Murray Pollok

07 September 2009

Socage's 75 m working height Sioux model. The range also includes 35 m, 50 m, 56 m and 65 m versions

Socage's 75 m working height Sioux model. The range also includes 35 m, 50 m, 56 m and 65 m versions.

Two senior figures from Italy's aerial platform and rental sector have teamed up to buy Italian aerial platform manufacturers CELA and Socage.

Mr Paolo Troni, a former shareholder of rental company RentUp, and Mr Fiorenzo Flisi, previously a shareholder at Oil & Steel, are the two major shareholders of a new business that has been established to acquire and integrate aerial platform manufacturers.

The business started by acquiring Brescia-based CELA earlier this summer and has now followed that with the acquisition of Socago, the aerial platform division of the Fassi Group, based near Modena.

The two manufacturers have some overlap in product lines. Socage is best known for its truck mounted platforms up to 75 m working height and it also makes a range of crawler mounted ‘Spider' units with heights up to 22 m. CELA also makes truck mounts and Spiders, although it's strengths are its crawler units up to 38 m height and the Ikarus branded firefighting platforms.

The new owners have yet to make any public announcement about the acquisitions. This story will be updated.

Business & Finance Mergers & acquisitions Access
STAY CONNECTED


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Euan Youdale Editor Tel: +44 (0)1892 786 214 E-mail: [email protected]
Lindsey Anderson Editor Tel: +1 312 929 4409 E-mail: [email protected]
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: [email protected]
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA