The French company Steliau Technologya player specialized in the value-added supply of electronic solutions, has acquired Special-Ind , thus significantly expanding its European activities.
The transaction, which is non-brokered, is fully consistent with Steliau Technology's strategic plan to expand across Europe, primarily through overseas growth. The new Group is expected to report annual sales of more than €80 million for the current fiscal year.
Special-Ind will continue to operate on the Italian market as an independent entity, with its current name, business name and commercial and administrative structure. The logic of the acquisition lies in the complementary nature of the product range: Special-Ind brings with it automotive wiring, HEV and EV, connectors, electromechanics, embedded systems and displays, thermal and energy conversion, as well as standard and custom products for telecommunications and radio transmission.
“I am particularly proud of the achievements of the Special-Ind teams. They have made decisive contributions to transform Special-Ind into a pre-eminent player in the Italian market", he said. Fabio Pietribiasi, (pictured left) president and co-shareholder of Special-Ind. "I am confident about the future development of the company, which shares a common vision with Steliau Technology, on ways to meet the needs of its customers through the design of value-added and tailored solutions.". Equally positive is the comment of Massimo LocheGeneral Manager of Special-Ind: "This merger offers a huge number of development opportunities for the coming years, with expanded supplier networks and the potential to launch new value-added businesses."
Who is Steliau Technology
Founded in 2018, Steliau Technology brings together two entities: Astone Technology, a specialist in the electronics sector for over twenty years, benefiting from a high level of technical expertise in connectivity, Internet of Things, displays, energy conversion and audio components, and Silfox, renowned for its thermal, connections and mechatronics expertise. The Group has a total staff of around fifty people located in the Fresnes and Montrouge offices. Steliau Technology's customer base includes some 1,000 companies in the transport, industry, consumer, healthcare, retail, defence and aeronautics, and automotive sectors.
