DECEMBER 2015
PRESS RELEASE
OMT at Marintec China 2015
Please visit us at the Marintec exhibition in Shanghai from December 1-4, 2015. Our booth is located in hall N3, stand D11. We are looking forward to welcoming you there!
7th May 2014
PRESS RELEASE
New shareholder structure of O.M.T The Musso family and PM & Partners have acquired 100% of O.M.T. S.p.A, world leader in fuel injection systems for marine engines
Turin, 7th May 2014 - The Musso family announced that it has acquired control of O.M.T. S.p.A., with the support of funds from PM & Partners, taking over the share owned by another branch of the family. The transaction will allow the Musso family to own 55% of the company, while PM & Partners will own the remaining 45%.
Founded in Turin in 1930 by Giovanni Musso, O.M.T. is a world leader in the development and production of injection systems for high power engines. The company is based in Rivoli (TO) and employs approximately 200 employees. The company's products are applied in low and medium speed engines for marine propulsion, energy production and rail traction. In 2013, O.M.T. achieved a turnover of around 35 million Euro, 95% of which was from foreign markets.
O.M.T. is a supplier of original equipment to the world’s leading manufacturers of large marine engines and, in the field of two-stroke engines, is the undisputed market leader. PM & Partners will accompany the Musso family in the implementation of a plan of development of new products and of growth in new markets, to strengthen the company's leadership in the field of two-stroke engines, and to consolidate the growth in the field of four-stroke engines, confirming the propensity of O.M.T. to make R&D the fulcrum of their investment and development policies.
Giovanni Musso, grandson of the founder, and President and CEO of O.M.T., declared "With the other members of my family, we are experiencing this important moment with pride and emotion, in which the connection that has linked us to the company for over 80 years, is increasingly strengthened. The opportunity to work with a partner, such as PM & Partners, with extensive experience and prestige, gives us a boost of enthusiasm to continue on the current path, with undiminished determination, and to pursue new and more ambitious goals. I would like, on behalf of the entire company, to express my sincere thanks to those who have shared so many years of our history with us, contributing decisively to the achievement of the results obtained so far. "
"O.M.T. is an entity of very high technical content which, over the years, has built a worldwide leading position, thanks to the continuous investment in technology and the development of a unique know-how. We firmly believe that, on this basis, the company can achieve important goals in the following years," declared Massimo Grasselli of PM & Partners.
PM & Partners (www.pm-partners.it) is one of the leading private equity firms in Italy in buy-out operations of medium-sized companies, and currently manages subscribed funds of approximately 300 million Euro, from national and international institutional investors. O.M.T. is the sixth investment of the PM & Partners II funds, and the fourth in the past 24 months, after Emmeti (systems and components for heating, plumbing and air-conditioning), Relevi (house-cleaning products), La Patria (security services), Monviso (production and marketing of bakery products) and Plasti-ape (medical devices and pharmaceutical packaging). PM & Partners is also in the early stages of compiling a third fund, which will continue the strategy of investing in medium-sized businesses.
December 2013
OMT at Marinetec Shangai.
OMT's stand at Marinetec Shangai, talking place from December 3 - 6 2013 attracted a large number of visitors with a new stand layout and a display of an OMT common rail injecton system for medium speed engines, powered by the OMT electronic driver module and an inhouse developed solenoid actuator.
June 2013
Strong OMT presence at CIMAC World Congress Shanghai:
With both the presentation of a technical paper and a well frequented exhibition stand, OMT created strong delegate interest at the 27th CIMAC World Congress on Combustion Engine Technology, held in Shanghai, China from 13th to 16th May 2013.
Our paper informed delegates about the development of the latest OMT common rail injector concept for heavy fuel engines with bore sizes from 20 to 50 cm. The new injector has proven its performance and reliability in testing on rigs at our factory in Turin and on a customer’s lab engine. With the development programme right on schedule, our new product is due to enter field testing aboard a ship in the first half of 2014.
At our stand at the Congress exposition (see picture) we attracted numerous visitors with a display of the core components of an OMT common rail system for medium speed engines. It is powered by the OMT electronic driver module.
Over 800 registered participants from all over the world made the 2013 CIMAC Congress an excellent forum to showcase new developments in diesel and gas engine technology for ship propulsion, power generation and rail traction. The OMT paper was one of 192 presented in four parallel sessions over the four days of the CIMAC Congress. At the accompanying trade show, also held at the Shanghai Exhibition Center, 82 companies from the global large engine industry presented their latest products and technologies.
April 2012:
OMT open a new regional headquarter in South Korea
April 2012:
OMT has strategic collaboration with Sumitomo Corporation (through Sumitomo Corporation Korea ltd.)