Sonepar is pleased to announce that Sonepar Italia recently entered into an agreement to acquire Elettroveneta SpA, which is based in Padova, North Italy. The agreement is subject to the approval of Italy’s antitrust authorities. This acquisition will reinforce Sonepar leadership on the Italian B2B Electrical Distribution market to building and industry customers.
Founded in 1979, Elettroveneta recorded sales of more than €200 million ($227 million USD) sales in 2018 thanks to its 700 associates based in Triveneto, Emilia Romagna, Marche, Abruzzo, and Molise. Elettroveneta currently has 46 branches.
“Our will as shareholders has always been to develop the company, to reward the effort of our associates to affirm our company as market leader. I’m fully convinced that our entry into the Sonepar Group will enable the sustainability of our project to develop in all regions in which we operate” said Umberto Schiavon, President of Elettroveneta.
“The decision to join Sonepar has grown over time; we are all aligned around the vision to develop and ensure the company’s continuity. Shareholders are fully convinced by the industrial plan of Sonepar to strengthen and increase the value of our geographic coverage” commented Diego Mandarà, Elettroveneta’s Sales Director.
“The infrastructure of both companies and their aim to serve customers with excellent quality service remain key priorities in Elettroveneta. I’m pleased to find in Sonepar full alignment towards issues such as customer centricity and I remain certain that our experience will allow us to reach always greater goals” adds Piergermano Peraro, Logistics & IT manager.
“On behalf of Sonepar’s 44,500 associates operating in 44 countries, I am excited to welcome Elettroveneta to our Group. This agreement testifies the clear will of Sonepar to continue investing in Italy, a strategic country which has been able in the last few years to offer great results thanks to a reactive market and an excellent local organization”, stated Philippe Delpech, CEO of Sonepar.
“I’m thrilled that we have reached this agreement with the families owning Elettroveneta. This company is not only strong in its traditional markets but has been able to expand beyond its natural markets and to assist its customers with high levels of service. Sonepar Italia is fully committed to preserving the values upon which Elettroveneta was founded and to contribute in the future to achieve new successes” said Sergio Novello, President and Managing Director of Sonepar Italia.Tagged with acquisition, Sonepar