ITALY - Scm Group, a leading multinational in technologies for machining wood and other materials, recently signed an agreement with Tecno Logica to take over control of its share capital.

This is a strategic operation which expands the range of products and services offered by the group from Rimini with integrated modular and scalable systems, for large automotive, furniture and door production manufacturers.

Tecno Logica is based in Treviso and is one of the main manufacturers of highly productive and flexible systems for a wide range of industrial processes, with over 200 installations in Europe, the Middle East, Mexico and the USA and has a turnover of more than 30 million Euro.

Marco Mancini, Scm Group's CEO points out that “this buy-over further enhances our leadership in the aluminium, composite and wood machining sectors where we are already present with our Cms and Scm brands. Further options at the top end of the market open up with an opportunity to get ahead of new trends and innovate our offer even more strategically”.