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Announced

Fly to acquire Carraro.

Synopsis

Fly offered to acquire Carraro, a manufactures vehicle parts. Financial terms were not disclosed. Carraro activities are divided into two business areas: transmission systems (axles and transmissions) and components mainly for agricultural and construction equipment, and also markets a wide range of gears for very diverse sectors, from the automotive industry to material handling, agricultural applications and construction equipment. Specialised (vineyard and orchard, from 60 to 100 hp) tractors for third parties, namely John Deere, Massey Ferguson, Valtra and Claas, as well as a specialist range under the Carraro brand; Agritalia also provides engineering services for the design of innovative tractor ranges.

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