Bonfiglioli makes key acquisition

Bonfiglioli is making a key acquisition that will expand its operations.
By MJ Woof March 18, 2021 Read time: 1 min
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.
Engines, Components & Tyres

For more information on companies in this article

Related Content

  • Spain’s international road safety show and conference proves successful
    November 8, 2013
    The 13th TRAFIC International Road Safety and Equipment Exhibition Fair in Madrid is said to have been a major success. Run recently by IFEMA at FERIA DE MADRID, the event attracted 110 exhibitors and 4,432 trade visitors according to the show organiser. In terms of trade visitor profile, 28% were from the various public administrations, 19% were from engineering and consultancy companies, and 6% from state security bodies. Most of the participating companies consulted agreed that although visitor numbers w
    Read More
  • SDLG and Volvo CE are utilising a novel dual brand approach in key markets
    October 14, 2013
    SDLG and Volvo CE are adopting a dual brand approach – Mike Woof writes. Chinese firm SDLG and its European partner Volvo CE are working on a novel arrangement that will see the two companies use a dual brand marketing strategy. While the sales channels in these markets will remain distinct, some back office services and parts logistics will be shared, affording SDLG much greater customer support than offered by other Chinese exporters
    Read More
  • Berco targets growth based on rich Italian manufacturing heritage
    October 1, 2014
    Berco, the Italian heavy equipment machinery undercarriage parts manufacturer, is targeting strong growth after hitting back at what the firm describes as market competitor rumours of its decline and the relocation of much of its manufacturing capability to China. Speaking during a construction equipment trade media and customer tour of Berco headquarters in Copparo, near Ferrara, in northern Italy, Matteo Seghieri, the company’s Global Aftermarket Sales Manager, said, “Berco went through a very importan
    Read More
  • Egis reporting strong performance
    April 6, 2016
    French firm Egis is reporting improved group performance with its latest financial results. In 2015, the Group’s managed turnover amounted to €937 million, up 10% compared with 2014 (€854 million). This growth can be attributed to acquisitions which account for approximately 6%, but it is also due to business development: 4% excluding scope effects. Following a drop in 2014, the order intake for engineering has resumed an upward trend. It represented 14 months of business in 2015, taking the order book t
    Read More

Highlighted Content