KPMG HONOURS ALI GROUP FOR THE ACQUISITION OF RANCILIO.
Ali Group has been given an award during the last edition of the M&A awards, a project by KPMG, Fineurop Soditic and Class Editors for the most interesting cases of consolidation amongst companies on a national and international level.
The acquisition was recognized as a significant example of integration that will allow both realities to grow even further in a market in strong expansion in emerging markets.
"The acquisition of Rancilio Group has strengthened our position in the foodservice equipment market that will allow us to add a new segment of business to our brands portfolio", says Luciano Berti, President and CEO of Ali Group. " By offering the most complete and specialized range of foodservice equipment on the market, we will be able to satisfy all of our clients' needs."
"We are extremely happy to become a part of Ali Group and to share the same entrepreneurial spirit, determination to reach our objectives and passion for innovation", added Giorgio Rancilio, President and CEO of Rancilio Group.
Ali Group has grown over the last 50 years through the acquisition of highly specialized companies, able to offer the market an excellent mix of know-how and experience.
A simple intuition, but one that makes the difference, has always guided the development of the Group: the maximum independence and strategic autonomy for each of the companies to leave room for the courage, energy and responsibility of each individual manager.