Tecnofer is currently owned by Executive S.p.A., a holding company headed by brothers Marco and Carlo Ascari, who will reinvest alongside the funds and will continue to be involved in the management.

Founded in 1989, Tecnofer provides value-added maintenance services to railway infrastructures. Since its establishment, the company has developed important know-how and a proprietary fleet of specialised vehicles including technologically advanced, in-house made convoys. Over the years, this has become the standard reference on Italian railway and subway networks, for activities such as chemical and mechanical vegetation control and tunnel cleaning.