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Elica M&A Activity 2024
4217_rns_2024-12-16_01cf3a54-4227-40a4-937d-4dd4c7e1a0e5.pdf
M&A Activity
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IR Elica S.p.A.: Francesca Cocco Lerxi Consul0ng – Investor Rela0ons T +39 (0)732 610 4205 E-mail: [email protected]
Elica S.p.A.: Alice Casadio Corporate & Internal Communica0on E-mail: [email protected]
Press Office: Havas PR
Agnese Borri T + 342 8090372 E-mail: [email protected] Caterina Matacera T +39 342 8646489 E-mail: [email protected] Eleonora Di Salvo T +39 0285457081 E-mail: [email protected]
ELICA GAINS TRACTION IN EUROPE: ACQUISITION PAVES THE WAY FOR THE FIRST BRANCH IN THE NETHERLANDS
The growth strategy of the Italian mul4na4onal involves expanding its range of cooking products and ensuring that it remains close to and supports local markets.
Milan, 16 December 2024 – Elica, an innova(ve Italian company at the forefront of the design and manufacture of kitchen appliances and global leader in kitchen extrac(on systems, has opened a branch in Haren (Groningen), the Netherlands, Europe's second-largest market for aspira:on hobs.
The new office, opened in December 2024 and under the direct control of the Italian headquarters, was established through the acquisi:on of aXiair, a Dutch distributor of extrac:on systems boas:ng over 20 years of experience in the reference industry. This marks a pivotal step in bolstering Elica's presence across Europe, with the aim of building a strong foothold in every sales area.
Elica Chairman, Francesco Casoli, commented: "We are rapidly advancing in Europe, offering markets a comprehensive cooking range and a business approach founded on proximity and trust: we recently launched our first showroom in Germany, and now we're strengthening our presence in the Netherlands by replicaKng this efficient and flexible expansion model, designed to adapt to the challenges of a dynamic landscape and lead the evoluKon of the sector, while always listening to the real needs of our customers and partners".
"aXiar marks another step in our ongoing transformaKon and in the direct management of markets where we see huge potenKal for development. It's not the first, and it won't be the last," adds Group CEO Giulio Cocci.
"The Netherlands is the second-largest market in Europe for extractor hobs; having our own organisaKon will allow us to be closer to our customers and support them in their business growth," commented Luca Barboni, Managing Director of the Cooking Division.
Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italia T. +39 0732 6101 F. +39 0732 610249 Pec [email protected] Codice SDI - Y1NM1XC
CODICE FISCALE REGISTRO IMPRESE AN 00096570429 CAPITALE SOCIALE 12.644.560 INTERAMENTE VERSATO
AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com
Elica, which recently completed a radical rebranding process, aims to consolidate its posi:on in the world of cooking, introducing a new vision of cooking by adding hobs, ovens and wine coolers to complement its extensive collec(on of extractor hobs and systems. A product line that combines sophis(cated design with advanced features, to make cooking a truly extraordinary experience. Lhov, a groundbreaking All-In-One appliance combining an oven, hob, and extrac:on system into one unit, stands as a testament to the brand's radical evolu(on.
The opening of the new branch in Haren marks a pivotal step in accelera(ng the company's journey toward industry leadership, solidifying its posi(on as the go-to partner for kitchen specialists and a beacon for the Dutch market.
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Elica, Italian company standing at the forefront of cooking appliance produc9on and design, a global leader in kitchen extrac9on systems with over 50 years of history. European major player in the produc9on of electric motors for household appliances and hea9ng boilers. 2,600 staff employed in its Fabriano headquarters and in its seven produc9on sites in Italy, Poland, Mexico and China: these are Elica's figures, successfully achieved under the constant guidance of the company President Francesco Casoli. Results driven by corporate values that have always inspired every single project, product and ac9vity: design that meets aesthe9cs and performance for an extraordinary cooking experience, art des9ned as a model for crea9ve processes and working methods, and innova9on to support technological solu9ons capable of enhancing product func9onality.
Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italia T. +39 0732 6101 F. +39 0732 610249 Pec [email protected] Codice SDI - Y1NM1XC
CODICE FISCALE REGISTRO IMPRESE AN 00096570429 CAPITALE SOCIALE 12.644.560 INTERAMENTE VERSATO
AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com