Techint – Compagnia Tecnica Internazionale Spa – was founded in 1945 by Agostino Rocca, the patriarch of one of the most prominent and internationalized Italian industrial concerns who died in 1978 in Buenos Aires at the age of 83. Techint, named after its abbreviated telex code, is nowadays the core of a diversified group, whose businesses range from steel to energy to infrastructures to healthcare and include Tenaris, the global producer of tubular products and services for the oil industry, Ternium, Tenova, Techint E&C, Tecpetrol and the Milan hospital Humanitas. The controlling stakes of these diversified interests, starting from the 60.45% of Tenaris, are kept in safe into the San Faustin family holding company, founded in 1949 in Uruguay and moved ten years later to Panama and then to the Dutch Antilles until 2011, when it was moved again to Luxembourg. At the same times the family established a family foundation in the Netherlands which controls the holding company.
At the helm of Techint we have today is Gianfelice Rocca, born 1948, a degree in Physics from the University of Milan and a PMD grade at Harvard Business School in Boston, is among the best connected Italian businessmen within international economic and financial circles and was recently elected chairman of Assolombarda, the powerful association of Milan employers. Gianfelice Rocca also owns a seat in the board of Tenaris, the company listed in Milan and Buenos Aires whose operations stretch from South to North America, which is chaired and led by his younger brother Paolo. The Roccas are said to be in close relationship with oil group Eni, which used to be a regular business partner of Techint. The current CEO of the energy company Paolo Scaroni, who among other things is a board member of Humanitas, led as managing director Techint from the mid-Eighties to the early Nineties, at the time of the privatization of several state owned industries including steelmaker Dalmine, which was taken over by Techint.
In recent times the Rocca family, through its Tenova unit, expanded further in the metallurgy business by taking over Technometal, a German company based in Duisburg and a specialist in advanced steel processing.