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Salt Lake City, Utah--(Newsfile Corp. - September 21, 2021) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, High Tech Music and Audio Systems, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies, is pleased to announce it has reached an agreement to acquire forty percent of the shareholding of Nova Impianti SRL, https://www.novaimpiantisrl.eu/ , "Nova".
Nova Impianti Shipping activities
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Nova Impianti S.R.L., is an Italian Company founded in 2003 and it is a highly experienced company with administrative headquarters in Monfalcone, and operating with 9000 square meters of which 6000 are covered in Manzano (UD).
Nova is a constructive and professional collaboration in the construction of pipes, in technical and operational design and in quality controls. Nova has more than 100 direct and indirect collaborators throughout the Italian territory. Its plant mechanics, welders and quality control personnel are experienced and qualified and can handle any type of intervention, from the weekend emergency to the total shutdown of the plant.
The Company produces products in various sectors, naval, industrial and civil. High-tech and quality products, products that once in use are not visible but their function is appreciated. The same guarantee safety in power plants, on ships or in engineering plants where there is work with liquids, gases or steam, Nova's products are used all over the world. The Company's passion is the production of steel tubes, deep-drawn bottoms, accessories and special parts, which meet very strict safety requirements.
The Company is pleased to complete this agreement where Nova Impianti SRL strengthens the shipbuilding capacity in its current partner Monferr SRL, https://www.carpenteriamonferr.com/, and increases the number of strategic partners in Europe. The agreement provides Gaensel Energy Group, Inc. a forty percent (40%) shareholding in Nova and Gaensel agreed to provide additional investment capital to Nova. Gaensel Chief Financial Officer, Peter Koley, states "Nova adds over Seven Million USD of gross revenues to our group for calendar year 2021. We anticipate a substantial increase in revenues of both Nova and Monferr in the next year with the anticipation of the reduction in the global pandemic."
On September 25th, 2021, in conjunction with "New to the Street", Gaensel Chief Financial Officer, Peter Koley, will be interviewed by Jane King which will be aired on Bloomberg TV. The Company will provide the time slot on Bloomberg TV later this week.
About Gaensel Energy Group, Inc. (OTC Pink: GEGR):
Gaensel Energy Group asset base currently consists of proven companies in Biotech, Commodities, Health, Beauty - Fashion, Green and Renewable Energy, and Technology. The management teams for each of these divisions are actively seeking similar partners in each space for expansion and additional acquisitions. We have been listed on the United States OTC Markets since 2002 and the Company is current. Our current private placement offering: https://ppm.gegrgroup.com/
This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Gaensel Energy Group, Inc., (GEGR), and certain of the plans and objectives of GEGR with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where GEGR operates, industry consolidation and competition. As a result, GEGR actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97146