Bonfiglioli Spa finalises acquisition of Selcom Spa

Bonfiglioli S.p.A, a global leader in the market for drives for industrial process and handling machinery, wind turbines and mobile machinery for the construction, earthmoving and intralogistics sectors, following the announcement made on 7 February 2023, today announces that it has completed the acquisition of 100% of the share capital of Selcom Group S.p.A, a company specialising in the design, production and sale of electronic boards, electronic products, as well as software and solutions for customers in the industrial, biomedical, automotive, intralogistics and home-appliance sectors.

The parties have proceeded to execute the contract as all the conditions precedent provided for by the contract have been fulfilled and, among them, the obtaining of the necessary administrative authorisations regarding Golden Power and Antitrust.

“We are happy to be able to effectively count on Selcom’s presence within our Group. We are also certain that it will be a wonderful and challenging journey together that, thanks to the skills, determination and commitment of everyone, will lead us to increasingly competitive value propositions,” says Sonia Bonfiglioli, President of Bonfiglioli Spa.

Bonfiglioli Spa

Bonfiglioli Spa designs, manufactures and distributes a wide range of gearmotors, electric motors, planetary gearboxes and inverters to meet the most complex needs in the industrial automation, mobile machinery and renewable energy sectors. The Group offers complete solutions that serve more industries and applications than any other gearbox manufacturer and is a market leader in many areas; the three Business Units, Discrete Manufacturing & Process Industries, Motion & Robotics and Mobility & Wind Industries, express all the experience and expertise acquired over the years in their respective fields. Founded in 1956 in Bologna-Italy, Bonfiglioli operates in 80 countries with 24 commercial sites, 15 production sites, an extensive distribution network comprising over 550 partners and over 4,000 professionals worldwide. Excellence, innovation and sustainability are the drivers that drive Bonfiglioli’s growth as a company and as a team, and represent a guarantee of the quality of the products and services offered to its customers.

Further information is available at www.bonfiglioli.com