In 1998, CMO2 acquired the PMI (Padana Macchine Industriali) brand and its associated technologies. In the period before it was taken over by CMO2, PMI ranked as the No.1 Italian manufacturer of hydraulic excavators. The purpose of CMO2's takeover of PMI was to allow the former to produce special excavators designed for specific tasks such as demolition, sheet piling and channel cleaning. As such, the machinery made by PMI after 1998 was not in direct competition with that made by CMO2's major clients in the construction industry.
The acquisition made it possible for CMO2 to diversify in to the construction not only of complete excavators but also of special equipment and components suitable for all types of base units. Simultaneously, PMI's expertise helped to improve yet further the quality of the products being manufactured - an improvement that has been well-received by the market in Italy and overseas.
Recently, CMO2 has transformed itself into PMI S.p.A., a joint-stock company. The motivation underlying the name change is to give continuity to a longstanding Italian brand (PMI) that is universally respected for the quality of the machinery and special equipment it produces. The mastery we have developed over the years allows us to enter into technical dialogs with major construction companies in order that we may design and produce the equipment that will help them to complete their own product ranges and, in the process, help them to cater to their own clients' needs.
Our global expertise in special applications of excavation technology has been essential in the consolidation of our commercial relationships with a whole number of leading brands, such as CATERPILLAR, DAEWOO, KOMATSU, HYUNDAI and CASE.
In addition, we have worked extensively with importers and resellers dealing with every important brand of earth-moving machinery.
Today, PMI S.p.A. continues to look at possibilities for further expansion, pro-actively seeking potential synergies with partners the world over in our constant endeavor to make the most of the experience we have built up in the earth-moving sector. We are confident that we have what it takes to face the challenges of the future and we are determined to remain on the cutting edge of excavator design and manufacture.
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