A Strategic Acquisition to Drive International Expansion
On September 13, 2021, the French group APAVE, operating in 45 countries and specializing in risk management, finalized the acquisition of the Italian company Tecno Piemonte S.p.A. Tecno Piemonte operates in the fields of testing and certification for civil engineering works.
APAVE has been a leader in the risk management sector for 150 years, employing over 12,400 people with revenues of €881M in 2019. The company provides expertise in inspection, training, testing and measurement, certification and labeling, technical consulting, and compliance in various domains, including workplace safety, site conformity, environmental safety, and digital security.
Tecno Piemonte S.p.A, based in Lenta (Piedmont/Turin region), specializes in certifying the quality of materials such as steel, concrete, bricks, soil, and rocks, with its own construction material testing and analysis laboratory.
This acquisition aligns with APAVE’s international development strategy as part of its 2025 strategic plan. It strengthens APAVE’s presence in Italy and its position in the Infrastructure & Construction sector, a key area where the group aims to become a leader in the coming years. Additionally, the acquisition positions APAVE to support the implementation of Italy’s national infrastructure recovery plan.
A transaction led by ALTIOS Corporate Finance
Altios Corporate Finance conducted the financial analysis of Tecno Piemonte S.p.A and provided support through the transaction closing.
This acquisition marks the third transaction completed by Altios on the Franco-Italian axis within 12 months, reinforcing Altios’ expertise in facilitating complex financial operations in Italy.
Through its Corporate Finance expertise, Altios confirms its role as a trusted buy-side advisor for small and mid-cap international external growth operations.
Statement from ALTIOS Italy
“We are delighted to have supported the APAVE Group in this new transaction, which highlights the appeal of the Italian market for French companies as Europe’s second-largest industrial market.”
– Mirko Mottino, Director ALTIOS Italy
Participants
Advisors to the Buyer:
● Financial: Altios – Mirko Mottino (Director, Altios Italy), Luca Zuccotti (Chartered Accountant / Statutory Auditor), Alexandre Kaplan (Director, M&A)
● Legal: Castaldi Partners – Gaspare Dori (Partner, M&A), Lorenzo Cuocolo (Partner, Public Law)
Advisors to the Seller:
● Legal: Ferreri Studio Legale – Maria Teresa Armosino (Corporate M&A), Antonio D’Addario (Corporate M&A)
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
