Italian tractor manufacturer Antonio Carraro S.p.A. has announced that the Maschio/Polo Group will purchase the entirety of the company’s shares.
The group, headed up by Dr Maurizio Maschio and Dr Enrico Polo, already owns 50% of the Antonio Carraro shares and will use the business acumen and experience of its founders to push the company forward and respect the origins and mission of Antonio Carraro.
Dr Maschio said: “The investment plan will meet the future challenges and is confirmation of how much I personally believe that Antonio Carraro S.p.A. is a source of excellence on both the Italian and international scene and that it is still full of untapped potential. Dr Marcello Carraro will remain in the company in an institutional role.”
Dr Polo added: “The financial commitment to this company with its historical, illustrious brand is substantial. I am happy and certain that right from the start we will be able to achieve important results in terms of global growth.”
Speaking on the acquisition, Dr Marcello Carraro said: “I am proud to be part of this new journey that Antonio Carraro S.p.A. is undertaking. I wish to thank Dr Maschio and Dr Polo for their continued trust.”