Founded in 1881 by Franco Tosi the engineering company before us, Franco Tosi Meccanica, stands as a testament to Italian industrial innovation. The company is located in Legnano near Milan. It has evolved from humble beginnings into a major player in heavy machinery and energy technology.
Franco Tosi Meccanica initially focused on textile machinery. It quickly transitioned to steam engines under the guidance of Franco Tosi. These engines powered industrial looms and fueled the company’s rapid growth.
In 1881 the company was renamed Franco Tosi & C. By 1894 Tosi became the sole shareholder, marking a new chapter in the company’s history.
Later, Franco Tosi Meccanica diversified into diesel engines in 1907. Ettore Maserati, of Maserati fame, even designed diesel engines here. The company collaborated with motorbike producer Emilio Bozzi.
Before World War I, Franco Tosi established a shipyard in Taranto in 1914. This subsidiary produced submarines and ships for the Italian Navy. A submarine from this shipyard set a depth record in the 1920s. It descended 75 meters below sea level.
After World War II, Franco Tosi collaborated with General Electric and Combustion Engineering. They produced large steam turbines and boilers under license. The company reached its peak in the 1970s. It had over 6,000 employees.
The early 1990s brought crisis. Franco Tosi was acquired by Ansaldo. Later, Finmeccanica took over the combine. This concentration of power led to regulatory scrutiny.
In 2000 ownership transferred to the Cast Group and it was at this point that the business acquired its current name, Franco Tosi Meccanica S.p.A..
Despite facing insolvency in 2013, Franco Tosi Meccanica was acquired by Presezzi Group in 2015. This acquisition included plants, machinery, the Franco Tosi brand and technical know-how.
Today Franco Tosi Meccanica continues to produce turbines, boilers, heat exchangers and pumps. It remains a symbol of Italian engineering excellence. It stands as a reminder of Franco Tosi’s vision and legacy. His pioneering spirit shaped Italy’s industrial landscape.