# Tuscany and Italian ministry sign EUR 65 million deal for Nuovo Pignone R&D investments

The Tuscany regional government and Italy's Ministry of Economic Development signed a EUR 65 million addendum funding Baker Hughes' Galileo R&D program, including a new axial compressor platform for NovaLT gas turbines and digital solutions, carried out through Nuovo Pignone in Tuscany. The signing took place on January 29, 2018 in Florence.

- Type: Investment
- Announced: 2018-01-29
- Where: Tuscany, Italy
- Value: $80.0M (65.0M EUR)
- Status: announced
- Products: NovaLT gas turbine axial compressor platform, digital twin and industrial IoT solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Baker Hughes](https://endata.com/companies/1895.md)
- [Nuovo Pignone](https://endata.com/companies/2370.md)

## Sources

- [toscana-notizie.it](https://www.toscana-notizie.it/-/regione-e-mise-firmano-un-accordo-da-65-milioni-per-gli-investimenti-del-nu), 2018-01-29: "Tanto valgono le firme apposte stamani a Firenze nel corso del meeting annuale di Baker Hughes General Electric (BHGE)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.