Cavagna Group acquires equity interest in Ecomotive Solutions

The Cavagna Group acquired an equity interest in Ecomotive Solutions, a company that specializes in alternative fuel engines and, more generally, renewable energy applications. Ecomotive Solutions offers a range of solutions, covering light-duty vehicles, professional logistics and industrial flex-fuel vehicles, to the maritime industry and energy production.

The acquisition supports Cavagna’s increased interest in market opportunities that will enable it to develop its capabilities in the regulation and control of gas for use in new, sustainable mobility applications, according to the company.

“We are particularly satisfied with this partnership, which will enable us to strengthen our operations in a socioeconomic and market context that is destined to see continued growth,” says Davide Cavagna, CEO of the Cavagna Group. “We all find ourselves in a situation in which there is a need to increasingly move toward a green economy without jeopardizing development, so it is important to be able to offer valid low-carbon engine technologies. Our know-how complements and mutually reinforces that of Ecomotive Solutions, which will make us stand out even more in the field of mobility and environmentally sustainable transitions.”

The Cavagna Group and Ecomotive Solutions say the partnership will focus on innovation and the environment, and it will aim to strengthen their product offerings as the companies work to satisfy the requests of OEMs; professional operators looking to retrofit vehicles or engines already in use; and end users with specific application needs.

Ecomotive Solutions focuses on mobility-related projects involving a wide range of engine and transportation types. The Cavagna Group brings technical and application-related expertise in the automotive sector – but also the potential of a large industrial group with an international market presence and the capability to support new R&D projects and develop institutional and business relations.

“We are extremely proud to welcome a major player like the Cavagna Group into our company’s management,” says Giovanni Deregibus, CEO of Ecomotive Solutions. “This addition consolidates our new company structure and allows us to have even greater confidence in the projects underway and those to come. This agreement with our new partner opens up new possibilities in terms of industrialization and distribution, but I am also convinced that Cavagna’s experience will enable us to make rapid progress in the development of innovative solutions, especially with hydrogen and other alternative fuels.”

Featured homepage image: designer491/iStock / Getty Images Plus/Getty Images