Landi Renzo S.p.A. announces that its subsidiary SAFE, a leading company in the design and manufacture of compressors and solutions for gas compression and treatment, has completed the sale of 100% of the share capital of IMW Industries Ltd. to EcoFusion Energy Holdings Inc., a Canadian company based in Vancouver, British Columbia.

Headquartered in Canada, IMW Industries specializes in the design, manufacture, marketing, installation, and after-sales service of compressors for compressed natural gas (CNG) and integrated CNG refueling solutions, operating primarily in the U.S. and South American markets.

The transaction forms part of SAFE’s strategy to streamline and optimize its industrial portfolio and enables EcoFusion Energy Holdings to leverage IMW Industries’ distinctive manufacturing expertise and strengthen its presence in the compressed natural gas infrastructure sector, in which it operates through its subsidiary AltaStream Energy Systems. IMW Industries will continue to provide compression services for its existing customers while expanding its manufacturing role in support of AltaStream’s power generation business.

SAFE was advised as financial advisor by the Mid Cap Advisory team of EQUITA, the Italian partner of Clairfield International, and by Craig-Hallum and by Legance - Avvocati Associati, acting as legal counsel. Gowling WLG (Canada) LLP advised IMW Industries as its legal advisor.

Landi Renzo is a global leader in the sectors of sustainable mobility and infrastructure for natural gas, biomethane, and hydrogen. The Group is characterized by an extensive global presence in over 50 countries, with nearly 90% of its sales generated abroad. Landi Renzo has been listed on the Italian Stock Exchange since June 2007.

Founded in 1975 in San Giovanni in Persiceto (Bologna, Italy), SAFE is an internationally recognized leader in the production of compressors and gas treatment technologies, with a long-standing focus on biomethane. The company combines design, manufacturing and service to offer customized solutions geared toward efficiency, safety, and operational continuity.

Headquartered in Canada, IMW Industries is one of North America’s leading manufacturers of compression systems and refueling stations for compressed natural gas (CNG).
For over 100 years, the company has been developing solutions for the transportation, distribution, and use of natural gas, serving customers in the energy and sustainable mobility markets.

EcoFusion Energy Holdings, a Canadian company, owns, among others, AltaStream Energy Systems, which specializes in the design, integration, and support of energy systems and industrial solutions.