San Benedetto del Tronto, September 9th, 2019 - Ferri Com is delighted to announce today the acquisition of the San Benedetto del Tronto branch of Elettro, the historical electrical wholesale distributor, based in the Italian Marche region.
Ferri Com, part of Elettroveneta Group / SistemaE, itself part of Sonepar Italia since March 2019, had in 2018 a turnover of more than €20 million in the regions of Abruzzo, Marche and Molise. This operation is part of the development strategy implemented by Elettroveneta – SistemaE in order to strengthen its presence in Central and Southern Italy.
The Elettro branch will join Ferri Com’s 11 branches and Elettroveneta’s 7 branches.
“I wish to express my deep satisfaction for this operation” says Alessandro Di Monte, General Manager of Ferri Com. “The entry of Elettro in our team allows us to reinforce our already important presence in the region thanks to a branch which has operated for a number of years in this territory with high standards of quality. A warm welcome to our new associates of Elettro, with whom we’ll ensure the continuity of this historic company in San Benedetto and the growth in a market where we are an important reference point”.
“The acquisition of Elettro by Ferri Com is the confirmation of a trustful message I’m happy to testify” adds Diego Mandarà, Elettroveneta’s General Manager. “Sonepar has always affirmed its intention to invest in the development of our company and this important acquisition is the most tangible expression of this strategy”.
“We are thrilled to announce our decision to join Ferri Com,” stated Elettro’s shareholders Enrico Carosi and Giuseppe Ciotti. “Our company has been able to acquire a central role in the electrical wholesale distribution of the Marche region. We are also convinced that joining Ferri Com, as part of the biggest electrical wholesale distribution group in the world, is the logical evolution of the activity we have created and developed up to now”.
“We are very happy to welcome Elettro in our family,” said Sergio Novello, President and Managing Director of Ferri Com and Sonepar Italia. “This acquisition allows us to increase the widespread coverage of our network along the Adriatic coast and to confirm our commitment to the development of such territories, just a few weeks after the acquisition of the Elettroveneta group / SistemaE. The Adriatic regions represent a solid market where in the last years Elettroveneta and Ferri Com have been able to build an activity strongly linked to the region and well connected with their customers”.
“We are very grateful to Sonepar for the opportunity given to continue growing in Italy, confirming its trust in our country.” concluded Sergio Novello.
Elettroveneta, founded in 1988, with the controlled companies Ferri Srl and H2A Srl is present in Triveneto, Emilia Romagna, Marche, Abruzzo and Molise. In 2018 it has developed a turnover exceeding €200 million with 700 associates and a network of 49 branches.
About Sonepa Italia
Sonepar Italia, leader company in the Italian market of B-to-B distribution of electrical products, covers the national territory with a capillar network of 100 branches and 1,500 associates, and a turnover in 2018 exceeding €600 million. The presence of Sonepar in Italy has started in 1988 with the acquisition of Elettroingross in Padova, followed later by other acquisitions and the development of internal growth.
About Sacchi Giuseppe
Sacchi Giuseppe, founded in 1957, thanks to the controlled companies Comel and D.M.E., operates through a network of 58 branches in 4 Italian regions and an automatic CDC able to manage more than 50,000 articles. The company has its HQs in Desio, north of Milan, and in 2018 has expressed a turnover of more than €500 million with 1,000 associates.
Sonepar is an independent family-owned company with global market leadership in B-to-B distribution of electrical products, solutions and related services. Assisting customers in a wide range of markets and drawing on the skill and passion of its 47,000 associates, Sonepar had sales of €22.4 billion in 2018. Through a dense network of 170 operating companies spanning 44 countries and 5 continents, and the digital solutions developed, the Sonepar Group delivers greater service and enhanced customer relations every day. Sonepar’s ambition is to become « La Référence » - the standard-setter for all its stakeholders.