Investindustrial

Sirti (www.sirti.com) strengthened its leadership in the Italian market for telecommunication and railways networks during 2008 and has expanded into high-growth geographies. The Group continues to pursue its strategy of expansion in the Middle-Eastern and Northern African markets. In 2008 the company won an important contract in Libya, a contract with Saudi Armco in the Middle East and will install major telecoms backbones and access networks in the same areas. The Group has also started a process of end-users diversification to reduce the relative weight of non-telecom customers. The Group is also focusing on strengthening its leadership in the Italian market principally by increasing R&D investments.