www.woodandpanel.com : WoodWorking Digital Magazine

Wood & Panel Europe

Menu Close Menu

Biesse – Forvet agreement signed

Published on :Saturday, October 16, 2021

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

It is expected that this operation in line with Biesse Group’s strategic plan, will successfully increase the product portfolio of glass machining centres, a sector in which the Group has been present since the second half of the 1980s with Intermac brand technologies.

“This is a strategic acquisition that allows us to complete the range of glass machining centres 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 Group CEO.

Tags: , , , , ,

Comments are closed.