Jan. 23, 2023, Investindustrial Group announced the acquisition of a 70% share in Fassi Gru from the Fassi family. This strategic move was facilitated through their investment company, Elevation Investment Opportunities Sarl, operated under the Investindustrial VII fund. This acquisition follows years of speculation about a financial partner for the multinational company based in Bergamo, known for designing and manufacturing articulated cranes and other lifting systems mounted on industrial vehicles. The primary objective of this partnership is to garner fresh resources to bolster Fassi Gru's global standing. In recent years, Fassi Gru has witnessed growth through expansion with importers and acquisitions across Europe, North America, and Asia.
The remaining 30% of the company's capital continues to be held by the Fassi family, with Giovanni Fassi upholding his role as chief executive officer. The financial details of the transaction have not been disclosed. In 2023, Fassi Group reported a turnover of over 470 million euros, with 85% of this revenue generated outside Italy. The company employs 1,600 staff members and operates 18 production facilities located in Italy, France, Sweden, and Malaysia.
Investindustrial's portfolio, with 70% capital invested in the manufacturing industry, includes notable investments in Amalfi (food products), Bakelite (resins and molds), Csm Ingredients (ingredient technology), Guala Closures (special closures for alcoholic beverages), and Omnia Technologies (integrated technologies for the food and beverage sector). Their most recent investments encompass Virospack (cosmetic production), Eataly (retail of food products), and La Doria (food preserves).
