Thursday 28 March 2024

automatic translation

Thursday 28 March 2024

automatic translation

    Agreement signed for the acquisition of Forvet Construction Macchine Speciali SpA

    Biesse Group, a company that designs, manufactures and distributes systems and machines for processing wood, glass, stone, metal, plastic and composite materials, listed on the STAR segment of the Milan stock exchange, today signed the contract for the acquisition of 100% of the shares of Forvet Construction Macchine Speciali SpA, a manufacturer of special automated machines for glass processing. The value of the transaction is approximately € 41 million and will be settled in cash mainly within the current year. This operation, in line with Biesse Group's strategic plan, makes it possible to increase the product portfolio of glass processing machines, a sector in which the Group has been present since the second half of the 80s with Intermac brand technologies. Indeed, thanks to the introduction of the company's own technologies Forvet S.p.A., the Group strengthens its offer towards the high end of the market by offering highly automated, customized and unique machines and systems in the sector. "This is a strategic acquisition that allows us to complete the range of glass processing machines with complementary industrial solutions that can be perfectly integrated with our technologies, thus offering the most technologically advanced customers modular lines and automated systems, capable of guaranteeing high levels of productivity and flexibility »commented Roberto Selci, Chief Executive Officer of the Biesse Group.

    Forvet S.p.A., founded in Volvera, Turin, in 1990, is a unique reference in the market for the production of automated lines that contain a high level of know-how, capable of creating a complete product in a small space, including loading, unloading and customizable intra-logistics based on customer needs.

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