# Nuovo Pignone invests €19M and hires 26 workers in business unit transfer

Nuovo Pignone has signed an agreement to transfer a business unit to Aero Service Technologies Italy, with €19 million in investments planned for 2019-2021 in production assets, R&D, and infrastructure. 26 temporary workers will be converted to permanent contracts starting November 2019.

- Type: Investment
- Announced: 2019-10-25
- Where: Florence and Massa, Italy
- Value: $21.0M (19.0M EUR)
- Jobs: 26
- Status: announced
- Products: aeroderivative turbine service
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Nuovo Pignone](https://endata.com/companies/2370.md)
- [Aero Service Technologies Italy](https://endata.com/companies/42908.md) (acquirer)

## Sources

- [cgilfirenze.it](https://cgilfirenze.it/2019/10/nuovo-pignone-26-assunzioni-e-milioni-di-investimenti-in-ramo-dazienda/), 2019-10-25: "19 milioni di euro di investimenti, 26 stabilizzazioni e la previsione di nuove assunzioni."

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