The History of Sit
Pierluigi and Giancarlo de’ Stefani establish SIT La Precisa, a company operating in precision mechanics, in Padova (Italy).
Continuous growth leads to open the first foreign subsidiary, in The Netherlands. The other European subsidiaries follow shortly (UK, France, Turkey, Poland, Germany, Czech Rep).
SIT goes global starting direct operations in Australia with the Melbourne subsidiary.
Expansion continues with the opening of the U.S. subsidiary. SIT sells the first electronic board for gas appliances.
Starting of direct operations in China with the Shanghai subsidiary.
SIT acquires ENCON, a Dutch company manufacturing electronic boards for gas appliances.
New production plants start manufacturing in Monterrey (Mexico) and Shanghai (China).
SIT diversifies acquiring OMVL, an Italian company operating in the automotive business.
OP Controls, Italian company operating in gas control devices, joins SIT.
Opening of the subsidiary in Argentina.
SIT acquires Natalini, an Italian company manufacturing fans and flue exhaust kits.
Expansion of the production site in Rovigo up to 17.000 sq.m.
New production plant starts manufacturing in Brasov, Romania.
Expansion of the production site in Hoogeveen, The Netherlands
The company MeteRSit has been established to offer Gas Utilities a new generation of remotely controlled smart gas meters.
New production plant in Suzhou (China)
Expansion of the production site in Brasov, Romania.
Merger of SIT La Precisa with the Italian subsidiaries Gasco, Imer and Natalini: SIT s.p.a. is born
Metersit Romania has been established to accelerate the growth ofSmart Gas Metering.
SIT lands on AIM Italia thanks to a business combination with SPAC * INDSTARS 2 through the merger by incorporation of INDSTARS 2 into SIT and the subsequent admission to listing of SIT’s ordinary shares and warrants. * Special Purpose Acquisition Company
Merger with the SPAC Industrial Stars of Italy 2 and simultaneous admission to trading on the AIM Italia segment (20.7.2017)
SIT shares and warrants have begun trading on the Mercato Telematico Azionario – MTA (now Euronext Milan) by Borsa Italiana.
Opening of a hub in Tunisia for the production of electronic and plastic components and the assembly of SIT products
Acquisition of the Portuguese Janz and entry into the water meters business