Early in the start 2004 the Italian automation equipment manufacturer BFT announced that they had joined the SOMFY group..
  The press release from Giancarlo Bonollo - BFT's Chairman reads:

   "Considering the fast evolution of the market, with its continually increasing demand-related needs, BFT has decided to make a significant step forward in its marketing strategy by joining SOMFY group.

  Quoted i the Paris stock exchange, SOMFY is an international group, which is present with its brand in over 50 countries around the world, with 45 branches and 3,200 collaborators from all five continents. Its annual turnover amounted to 500 million euro in 2002.

  This important change, which responds to the company's desire to achieve significant objectives and guarantee increasingly tough competition in the marketplace, marks the starting point for continuous and fruitful collaboration between parties."

  Continued :-
   "The new partners recognise that our market segment is different from theirs and for this reason they wish to start up a business area specifically dedicated to our market for the purpose of accelerating our growth.

  I will personally continue to follow the company in the role of managing director. Certain that I will be able to count on your previous collaboration for the achievement of these objectives, I would like you to inform your collaborators about this union and to reassure them with regard to the continuity of BFT's strategy, its products and distribution network."
  Continued :-