Biesse Acquires Forvet Glass Machining Producer

Biesse signs a contract for the acquisition of 100% of the quotes of Forvet Costruzione Macchine Speciali S.p.A., a manufacturer of special automated machines for glass machining through a deal with a value of about 41 Euro mln.

This operation, in line with Biesse's strategic plan, will increase the product portfolio of glass machining centers, a sector in which Biesse has been present since the second half of the 1980s with Intermac brand technologies. Indeed, thanks to the introduction of Forvet S.p.A.'s proprietary technologies, the group strengthens its offer towards the high end of the market by offering highly automated, customized and unique machines and systems.

"This is a strategic acquisition that allows us to complete the range of glass machining centers with complementary industrial solutions that can be perfectly integrated with our technologies, thus offering technologically advanced customers modular lines and automated systems that can guarantee high levels of productivity and flexibility" said Roberto Selci, Biesse CEO

Founded in Pesaro in 1969 by Giancarlo Selci, Biesse has been listed in the STAR segment of the Italian Stock Exchange since June 2001. It has 13 premises, 39 subsidiaries, and 300 selected dealers. The group also has approximately 4,300 employees worldwide.

Forvet S.p.A. , founded in Volvera, Turin, in 1990, is a unique reference in the market for the production of automated lines that encapsulate a high level of know-how, capable of producing a complete product in a reduced space, including loading, unloading and intra-logistics operations that can be customised according to customer needs.
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