Large-scale machine tools leader Pietro Carnaghi acquired by Fives Group

Fineurop Soditic acted as exclusive financial advisor to the shareholders in the sale of Pietro Carnaghi S.p.A. to the French group Fives.

Company
Pietro Carnaghi S.p.A.
Transaction
Sector
Activity
Large-scale machine tools
Date
Country
Italy

Founded in 1922, Pietro Carnaghi is a world leader in the production of large-scale, 5-axis machining solutions, specialized in machine tools with high demanding performances, including vertical lathes, gantry milling machines and FMS cells. Pietro Carnaghi serves various industrial sectors and applications, such as Renewable Energy, Aerospace, Defense, Mechanics with an export rate of approx. 90%.

The integration of Pietro Carnaghi with Fives’ High Precision Machines division will create a global machine tool player, generating around Euro 500 million in revenue with 1,900 employees across 24 entities worldwide.

Fives’ investment represents an opportunity for Pietro Carnaghi to become a cornerstone of the High Precision Machines division, and better serving their customers bases with innovative, reliable, and locally supported solutions worldwide.