The Test Industry Group today includes four brands and three production sites, two of which in Italy and one in Germany. The plants are those of Bimal, in Perugia, of Leonardo in Brescia and the German one of TestingService/GiM in Aachen.

Test Industry is also the owner of Meccanica Galileo S.r.l., a company specialised in precision mechanics with a plant in Brescia, and of Test Industry America Inc., a commercial branch based in Wisconsin, in the United States.


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


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.

Paolo Mastrostefano


Paolo Mastrostefano graduated in Electronic Engineering from the Marche Polytechnic University, obtained an Award in Business Studies at the University of California in Los Angeles, and integrated his training with studies in Psychological Sciences and Techniques at the University of Modena and Reggio Emilia.

Since September 2021 he has been CEO and Shareholder of Test Industry. Previously he was President/CEO of the Interpump Hydraulics Group, CEO of companies in the Guzzini Group and of the E.G.O. Blanc und Fischer GmbH Group. He has lived for several years in the USA, China and Tunisia, as well as having led industrial companies on all continents.

Daniele Cesare Spezzaballi

Entrepreneur and C.O.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 Operating Officer of Test Industry S.r.l.

Luciano Castelletti


Graduated in Economics from the University of Bergamo, he earned an Executive Master in Corporate Finance & Banking with the 24ore Business School of Milan.

Before joining Test Industry in June 2021, he was the administrative and financial director of various Italian companies, including Cofemo Industrie, Italian Gasket Spa and Cherubini Group.

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%.


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