Via Quattro Passi, 1/3, Formigine,
|Subsidiaries||Italy, Germany, France, Spain, United Kingdom, Denmark, USA, China, India|
Motovario® was founded in 1965 by Giancarlo Raguzzoni in Formigine in the heart of Modena industrial district. Motovario specializes in the production of mechanical speed variators, helical and helical bevel gear reducers, shaft mounted, worm gear reducers, electric motors and motoinverters.
In 1996 the first subsidiary, Motovario Scandinavia S/A was opened in Denmark.
In 1999 Motovario GMBH was founded in Germany.
In 2006 Motovario was taken over by the Italian investment fund Synergo SGR to manage the company’s development and support its growth worldwide.
In late 2015, Motovario S.p.A. was acquired by TECO Electric & Machinery Co for 186 million euros.
The main production work is carried out in the establishments of Formigine and Ubersetto, with over 530,000 square feet of facilities and a staff of about 400.
More than 200 employees work in branches all over the world.
Over 30 MAC, Motovario Assembly Centres, specialized assembly centers, authorized and certificated by Motovario, operate in many countries: Italy, Australia, Belgium, Bulgaria, China, South Korea, Finland, France, India, Ireland, Israel, Lithuania, Netherlands, Poland, Portugal, United Kingdom, Spain, United States, Sweden, Turkey, Ukraine.
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- "Motovario si sposta in Francia - EMILIA FINANZA - Italiaoggi". Italiaoggi.it. Retrieved 2014-02-03.
- "Bs scommette sulla Cina per il futuro di Motovario - MERCATI GLOBALI - Milano Finanza". Libero.milanofinanza.it. Retrieved 2014-02-03.
- "Synergo scans Italian market for pocket multinationals". Investment Europe. 2012-09-12. Retrieved 2014-02-03.
- "TECO's Motovario acquisition aimed at system products - Taipei Times". www.taipeitimes.com. Retrieved 2016-01-18.