Bonfiglioli makes key acquisition

Bonfiglioli is making a key acquisition that will expand its operations.
Engines, Components & Tyres / March 18, 2021 55 seconds Read
By MJ Woof
Bonfiglioli is expanding its operations and product capabilities with a key acquisition
Bonfiglioli is expanding its operations and product capabilities with a key acquisition
Bonfiglioli is making a key acquisition of Sampingranaggi from Bentivoglio. This acquisition confirms the interest Bonfiglioli had already expressed in Sampingranaggi. The move preserves and consolidates the Sampingranaggi strategic supply chain and is said to strengthen its role as a technological pivot for the Bologna regional and metropolitan area.

The company won the auction at the Court of Bologna for the acquisition for the sum of €7,158,000. The acquisition includes the assets of the Italian and Chinese Sampingranaggi companies (Bentivoglio –BO, Funo di Argelato-BO and Shanghai-China), the respective warehouses, the Sampingranaggi brand, patents, designs and products for robotics, as well as the staff.

Sampingranaggi's 2020 turnover was €21 million, of which €15 million was in Italy and €6 million in China.

Bonfiglioli had earlier signed a "Bonfiglioli/Sampingranaggi integration agreement” with the Emilia-Romagna Region, Metropolitan City of Bologna and FIOM-CGIL Emilia Romagna. FIOM-CGIL Bologna and the Sampingranaggi joint trade union representatives (RSU), a pact that the Group has declared complementary and functional to its own bid, with a view to safeguarding the production continuity of Sampingranaggi and the people who work there, currently about 80 employees.

A priority will in fact be the development of the workforce, through the Bonfiglioli Academy's continuous training.
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