Franco Tosi Meccanica

[citation needed] In 1914, shortly before the start of the First World War, Tosi established as a subsidiary business a shipyard at Taranto in the south of the country for the production of submarines and ships, destined primarily for the Regia Marina and the Italian Navy.

from this shipyard, the Cantieri navali Tosi di Taranto, achieved a world-wide depth record descending to 75 meters below sea level.

[citation needed] The early 1990s was a time of world-wide crisis for producers of power generation equipment, and "Franco Tosi" found itself taken over by Ansaldo, the resulting combine being taken over in 1993 by Finmeccanica and integrated into that company's energy division under the name AnsaldoEnergia.

In response to pressure from the regulator the integration of Finmeccanica was reversed, and ownership of "Franco Tosi" transferred, in 2000, to the Cast Group.

[5] On 9 June 2015 Presezzi Group acquired the business of Franco Tosi Meccanica which includes among other:[citation needed]