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THE STRUCTURE OF THE TEST INDUSTRY GROUP: FOUR OFFICES IN ITALY, GERMANY AND THE UNITED STATES
Today, the Test Industry Group includes four brands, two production sites, and two sales branches, employing approximately 150 people.
The Italian production sites of Perugia and Brescia boast complete know-how of the Group’s machines and internally handle all the product-related activities, such as: mechanical, hydraulic and electrical design, software development, quality control, assembly, training and after-sales service.
In addition to the production sites, the Test Industry structure includes two branches dedicated to sales and after-sales activities: Test Industry America Inc. in the United States, established in 2017 in Lake Geneva (Wisconsin), and Test Industry Germany GmbH established in 2023 in Aachen. In addition to these, in 2025 the new Test Industry India branch will be established and expand the Group.
TEAM
The Test Industry team stands out for the high technical knowledge of its staff, more than a third of whom are mechanical and electronic engineers. The assembly and testing phases are entirely carried out by teams of specialized workers.
The after-sales department is entrusted with the direct management of the assistance staff, with a large internal staff of specialized technicians located in all the production sites and sales branches of the group. In other relevant markets, such as China, Test Industry also avails itself of the collaboration of partner companies, to ensure proximity to the customers.
Furthermore, the company includes a department specialized in precision machining, active in Brescia since 1999 as Meccanica Galileo S.r.l., and since 2025 incorporated within Test Industry S.r.l.
Management
We always place people at the centre, aiming at enhancing the initiative of the individual. To grow together and to renew ourselves in a constantly evolving environment.
Angelo Mastrandrea
President
Angelo Mastrandrea graduated in Economics from the University of Bari and obtained a Masters in Finance from the LIUC Carlo Cattaneo University.
He has been a Partner of IGI Private Equity since 2016, after having held a role of increasing responsibility in the buyout operations carried out by the fund. He has previous experience at Mediobanca. He holds the position of director in numerous joint-stock companies and since 2019 he has been President of Test Industry S.r.l.
Daniele Cesare Spezzaballi
Entrepreneur and C.E.O.
Graduated in aeronautical engineering from UNLP in Buenos Aires with a master’s degree in aerospace engineering from the “La Sapienza” University of Rome.
He is one of the founding partners and entrepreneur of Leonardo S.r.l. and co-founder of the Test Industry project. Since October 2021 he has been Chief Executive Officer of Test Industry S.r.l.
The property of Test Industry
The financial vehicle Thalia, controlled by IGI Investimenti Sei, holds approximately 42% of the capital of Test Industry.
23% is controlled by the vehicle GMN Srl, promoted by F&P4BIZ and Route Capital Partners.
Equilybra Spa owns 18%, while the management team holds a total stake of 17%.
