On August 12, 1948 EFME – Empresa Fabril de Máquinas Eléctricas, SARL
was founded. That was the starting point of
Efacec project and the birth of Efacec brand.
The company equity capital was, at that time, shared by
Electro – Moderna (20 %), ACEC – Ateliers de Constructions Électriques de Charleroi (20%),
CUF – Companhia União Fabril (45 %).
The remaining 15 % were distributed by other shareholders.
After several equity capital changes, namely due to the exit of
CUF, ACEC became majority shareholder.
As a consequence the name EFACEC – Empresa Fabril de Máquinas Eléctricas, SARL,
was born in 1962, and a period of remarkable growth started on that same year.
At the end of the sixties Efacec became one of the first
Portuguese companies listed on the Lisbon Stock Exchange.
About 25 years later, in the context of integration in the EEC
and the sale, by ACEC, of their 65% stake of Efacec share capital,
a strong growth period begun, namely on international markets,
simultaneously to an important technological development in various fields.