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Pietro Fiorentini Group completes the acquisition of Fiorentini Gastechnik

Pietro Fiorentini Group completes the acquisition of Fiorentini Gastechnik

On 27th July 2020, Pietro Fiorentini Group officially completed the acquisition of 100% of the shares of Fiorentini Gastechnik, an Austrian company in which the Group had held minority shareholdings since December 1992.

The new subsidiary is based in Vienna and was acquired due to its consolidated presence in the regulation sector and for the future potential in the measurement field. The goal is to increase the presence and importance of the Company in the Austrian market and seize the business opportunities that will arise in bordering countries.

"After three decades of solid and profitable collaboration – commented Cristiano Nardi, President of Pietro Fiorentini Group – we have decided to fully acquire Fiorentini Gastechnik to further strengthen our presence in the sectors of regulation and measurement on German related markets.”

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