With the purchase of the majority shareholding of FAST Spa, the Pietro Fiorentini Group is acquiring a company with established experience in automation and process control systems for industry and utilities production, management and distribution services, thus taking a decisive step in consolidating its leadership position within the smart metering and smart grids sectors.

The merger by incorporation of Teclab is part of a process of corporate reorganisation for Fast Spa, aimed at streamlining its structure by improving interaction at operational, administrative and company level. This will also lead to greater efficiency in the Research and Development department, and enhance the company's position in the Smart Grids and Smart Metering sector of the market.