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Italy’s Rina buys Patrick Engineering to enter US infrastructure market

Ugo Salerno (right), Rina’s chairman, shakes on the deal with Daniel Dietzler (left), Patrick Engineering’s founder
Genoa-based consulting engineer Rina has entered the US infrastructure market with the acquisition of Chicago consultant Patrick Engineering.

Patrick was founded in 1979 and is active in the America’s transport and renewable energy sectors. It employs 340 staff across 19 offices, mainly in the northeast, and has a revue of around $80m.

The company will be integrated into Rina Consulting, the company’s engineering branch.

Ugo Salerno, Rina’s chairman, said: “The acquisition of Patrick Engineering and the combined expertise of the new organisation represents a unique opportunity for expansion and growth in the thriving North American infrastructure market.

“It establishes an excellent platform not only in this sector, but also to grow all Rina’s businesses to make the US one of Rina’s main hubs. Rina will gain leverage to export its highly specialised competencies in materials, lab testing and innovative technology.”

Daniel Dietzler, Patrick Engineering’s founder, said: “Our companies complement one another, and our clients and staff will benefit from this acquisition.

“We will accelerate our growth in new sectors and broaden our expertise. We have a strong client portfolio split between the government and the private sector including transit agencies in major cities and investor-owned utilities and heavy industries across North America.”

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