MTA purchases a 100% interest stake in Digitek SpA


Codogno (Lodi), October 18, 2008


On past October 14, the MTA Group, a leading Italian multinational corporation specializing in the design and manufacture of electrical components for the automotive market, announced the acquisition of a 100% interest in Digitek, a company engaged in the design and manufacture of electronic products. This recent acquisition confirms MTA's ongoing growth and the Group's plans to expand their business through the development of new products and technology.

MTA, a leading Italian manufacturer of electrical components for the automotive industry, has been recording steady growth both in terms of volume of business and expansion on new markets. Founded in 1954 in Codogno, MTA presently has 4 operations outside Italy, with a turnover of nearly EUR 90 million and over 600 employees. On past October 14, MTA announced the acquisition of Digitek SpA, a company controlled by the Selcom Group owned by the BS Private Equity fund, specializing in the design and manufacture of electronic products. “This acquisition will enable MTA, already a partner of many car makers, to make its debut as a supplier of electronic technology in addition to electrical products effective immediately”, says Eng. Umberto Falchetti, MTA President. “We decided to purchase a 100% interest in Digitek because their products are up to MTA's high quality standards and likewise innovation-oriented.” “The Digitek staff have been doing an excellent job and we will follow along those lines. We actually plan on building more business for their products thanks to our long-standing relationships with major manufacturers”, so Eng. Falchetti.
Original Equipment products designed and manufactured by MTA range from fuses, to fuse holder boxes, power connectors and terminals, battery terminals, ring terminals, through to radiator caps and level sensors. With regard to the electronics industry, MTA designed and manufactured the MDC 500 monitor, for the time being used in boats.
Digitek SpA was founded in 1983. It is based near Modena and as a start-up, it began developing on-board digital instruments for certain F1 cars. More projects followed, among which the first telemetry systems adopted by several racing teams and the first Telepass system for highway automatic toll collection. Besides several other products, Digitek presently boasts a strong market position thanks to its dashboards designed for many applications. They began with luxury cars and then expanded on the mass-produced car market, in the motorcycle industry and agricultural machines.
Digitek recorded an EUR 45 million turnover in 2007, has one foreign operation in Chicago and currently employs 220 people, 75 of which are dedicated full-time to electronic design, which is the strength of the company.
MTA's partners in the different industries are as follows:
Automobile industry: Alfa Romeo, Ferrari, Fiat, PSA Group, Renault Group, Lamborghini and Lancia;
Motorcycle industry: Betamotor, Ducati, MBK, Moto Guzzi, MV Agusta and Piaggio;
Agricultural and earth-moving machines: Case, Deutz Fahr, John Deere, Landini, Massey Fergusson, New Holland and Valtra.
Major customers of Digitek include: Ferrari, Maserati, Lamborghini, Saab, Magna, Ducati, Piaggio, CNH, Same, Autostrade spa (largest Italian highways operator), Italian Telecom, Ferrovie Italiane (Italian Railways), SKF.