BFT Joins the SOMFY
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
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."
"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
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."