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PIOVANGROUP

Acquired by

INVESTINDUSTRIAL

ITALY Industrial Equipment EV [500m EUR - 1b EUR] 07/2024

Target

PIOVANGROUP

Acquirer

INVESTINDUSTRIAL

Context

Investindustrial entered into agreements to acquire a combined 64.82% stake in Piovan (67.96% excluding treasury shares). The transaction involves purchasing 58.35% from Pentafin and 6.47% from 7-Industries. Following the closing, the acquirer will launch a mandatory tender offer to acquire the remaining shares and delist the company from the Milan stock exchange. The partnership is designed to accelerate Piovan's global organic and inorganic growth, with the Piovan family (via Pentafin) reinvesting to maintain a 25% indirect stake in the purchaser. Management continuity is secured, with Nicola Piovan remaining Executive Chairman and Filippo Zuppichin as CEO.

Target

PiovanGroup is a global leader in the development and production of automation systems for the storage, transport, and treatment of polymers, plastic powders, and food powders. Controlled by Investindustrial since March 2025 following its delisting from Euronext Star Milan, PiovanGroup is an aggressive consolidator in the industrial process sector.

Ent. Value

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Equity Value

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Multiples Analysis

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EV / EBITDA

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Historical Financials (EUR)

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2024
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2023
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Other operations with PIOVANGROUP

DateTargetCountrySectorTarget DescriptionAcquirer
03/2025BHTITALY
Industrial Equipment

Founded in BHT in designing dosing and conveying systems for powders, granules, and liquids. Its product range includes feeders, extraction machines, and pneumatic conveying systems, integrated with dedicated electronic control panels and software. The company serves the food, plastics, recycling, pet food, and chemical industries, exporting to over 13 countries.

PIOVANGROUP
03/2025MIX&COITALY
Industrial Equipment

Founded in 2018, Mix&Co specializes in designing dosing and conveying systems for powders, granules, and liquids. Its product range includes feeders, extraction machines, and pneumatic conveying systems, integrated with dedicated electronic control panels and software. The company serves the food, plastics, recycling, pet food, and chemical industries, exporting to over 13 countries.

PIOVANGROUP