Multitel Pagliero acquires majority stake in Palazzani

Multitel Pagliero has acquired a majority stake in Palazzani Industrie.

The deal will significantly broadens Multitel Pagliero’s technology and product scope, said the company. 

from left: Fabio Pagliero, Francesco Zola, Anna Pagliero, Paola Palazzani, and Renzo Pagliero

“The merger between Multitel Pagliero and Palazzani Industrie stems from a shared vision and common roots. Two Italian family-run businesses with strong links to their local communities but firmly focused on exports, have built their growth on quality, technical expertise, continual innovation and close attention to customers,” added Multitel. 

The two firms have been working together for more than 20 years and share similar market strategies, said Renzo Pagliero, president of Multitel Pagliero. “This acquisition represents a natural step in Multitel Pagliero’s growth path. Palazzani Industrie is a company with which we share profound values, a solid industrial culture and an international vision.

“Together we will be able to further expand our worldwide reach and offer customers increasingly comprehensive solutions, while continuing to ensure the essential values of quality, innovation and reliability.”

Palazzani’s tracked platforms and specialty machines will be added to Multitel’s truck mounted platforms, creating a broader and more versatile offering and increase the group’s presence in international markets, it said, leveraging their respective sales and distribution networks to operate in increasingly competitive global environments.

Palazzani Industrie will continue to operate under its existing brand while benefiting from Multitel Pagliero’s support.

“Joining a group like Multitel Pagliero will be a significant opportunity for us”, said CEO of Palazzani Industrie Paola Palazzani. “This operation will allow us to accelerate our development, maintaining the values that have always distinguished our company while strengthening our presence in international markets.”