SUBSIDIARY NAME
TECHIT
COUNTRY
ITALY
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
May 20, 2022
ACQUISITION VALUATION
400 MILLION EURO
TOTAL ASSET VALUATION
4 BILLION EURO
ENERGY-OIL-REFINERY-GAS
TECHIT: IIB-DG acquired TECHIT on May 20, 2022 the purpose of project is to Plant development and production of renewable energy appliances/equipment for civil, industrial, hospital and government uses. Renewable energy products such as geothermal energy, direct and thermodynamic solar, turbines, gas, air, water and diesel engines and more will be marketed to public and private individuals and entities. We will penetrate the global market with particular reference to the geographical area like Italy, Spain, Libya, Qatar and other Middle East countries.
Our company will rely on customers who in recent years are increasingly sensitive to the possibilities offered by the renewable rapidly expanding SECTOR/ INDUSTRY, with both technical and economic advantages.