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United States, Spain, and now (again) Italy. The external growth path of the Pedrollo group continues with yet another acquisition, the fourth made in just a few years.
The target, with the purchase of the majority share, is the Vicenza-based Pm, a 22 million euro company committed to making submersible motors, an activity closely linked to Pedrollo’s core business, i.e. electric pumps.
Between organic development and acquisitions, Panelli in Italy in 2019, Superior Pumps in the United States the following year, Saci in Spain at the end of 2022 to attack the swimming pool systems market, Pedrollo thus reached 470 million euros in 2023, with prospects of going even further in the current year.
«We look with concern at a complex international picture – explains CEO Giulio Pedrollo – but barring new crises, I believe that this year, the 50th since the foundation, we will celebrate the event by going beyond the symbolic threshold of 500 million. Which means we have managed to double our size since 2019.”
Growth achieved organically, in the 160 countries in which the Veronese group sells its products in the sectors of water handling, energy transformation and applied technology, but also achieved with the new acquisitions made, which present common characteristics.