The Italian CETOP member association ASSOFLUID joins in FEDERTEC, the Italian Federation of Mechatronic Technologies and Components for Fluid Power, Power Transmission, Smart Automation and Control of Industrial Products and Processes.
FEDERTEC was born in 2019 from the merger of ASSIOT (Italian Transmission Elements and Gears Manufacturers Association) and ASSOFLUID (Italian Association of Manufacturing and Trading Companies in Fluid Power Equipment and Components) and has about 250 members which design and produce systems and components that have a strong impact in manufacturing sectors. The industrial automation industry (with focus on mechatronic technologies) is one of the most significant economic sectors in Italy where it is estimated to be worth over 40 billion Euro.
Despite the merger, ASSOFLUID and ASSIOT still exist as sector associations of FEDERTEC.