EuroGroup Laminations

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|

Eurogroup Laminations

Type

| Public

|

Traded as| BIT: EGLA
Industry| Manufacturing
Founded| 1967
Headquarters|

Baranzate

Italy

Revenue| €836 million (2023)

Net income

| €39 million (2023)

Number of employees

| 3,044 (2024)
Website| euro-group.it

EuroGroup Laminations S.p.A. is an Italian multinational company headquartered in Baranzate, specializing in the design, production, and distribution of stators and rotors for electric motors and generators. The company is publicly traded on Euronext Milan (Borsa Italiana) and included in the FTSE Italia All Share Index..[1][2]

## History[edit]

EuroGroup Laminations, originally founded as Eurotranciatura S.p.A. in 1967 by three cousins and six factory workers[3], initially focused on producing steel laminations for electric motors and generators. In the mid-1980s, the company began expanding in Europe, acquiring Alcast, which specialized in rotor casting, and Corrada, a maker of electric steel laminations for various applications[4]. This consolidation led to the formation of EuroGroup Laminations with an international growth strategy.

In 2006, EuroGroup opened its first foreign facility in Mexico, followed by plants in Tunisia, China, and the United States, and partnerships with Japanese firms like Kuroda and Marubeni-Itochu Steel. Today, the company operates 16 production facilities worldwide, 10 of which in Italy and 6 abroad (1 in Mexico, 2 in China, 1 in the U.S., 1 in Tunisia, 1 in India)[5].

In the 2010s, EuroGroup expanded its focus on electric mobility, supplying components to automakers like Volkswagen and Porsche. In 2020, private equity fund Tikehau Capital joined the Group's shareholding structure[6], and three years later, EuroGroup Laminations was listed on the Italian Stock Exchange[7]

## References[edit]

1. ↑ "EUROGROUP LAM | IT0005527616 | Euronext exchange Live quotes". live.euronext.com. Retrieved 2024-10-15.
2. ↑ "EuroGroup Laminations - Applications for electric motors". www.euro-group.it. Retrieved 2024-10-15.
3. ↑ "EuroGroup Laminations - Who we are". www.euro-group.it. Retrieved 2024-10-15.
4. ↑ "Corrada S.p.A." www.euro-group.it. Retrieved 2024-10-15.
5. ↑ "EuroGroup Laminations - e-motion for the planet". www.euro-group.it (in italiano). Retrieved 2024-10-15.
6. ↑ "Tikehau Capital to take 30% stake in Euro Group Laminations". www.spglobal.com. Retrieved 2024-10-15.
7. ↑ "EuroGroup Laminations lists on Euronext Milan and joins the Euronext". www.euronext.com. Retrieved 2024-10-15.

## External links[edit]

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