Palazzani Industrie Joins the Multitel Pagliero Group After Acquisition
Palazzani Industrie announces its entry into the Multitel Pagliero Group, following the acquisition of a majority stake by the Piemonte, Italia-based company, a historic Italian company specialized in the design and production of truck-mounted aerial platforms. The strategic transaction enables Palazzani Industrie to further strengthen its international presence and become part of an even more solid and competitive industrial group, enhancing complementary expertise, technological synergies, and key market references.
The merger between Multitel Pagliero and Palazzani Industrie stems from a shared vision and common roots: two Italian family-run businesses with strong links to their local communities but firmly focused on exports, have built their growth on quality, technical expertise, continual innovation and close attention to customers. The two firms have been working together for more than 20 years, during which time a substantial technological and commercial synergy has developed.
This acquisition is therefore the natural continuance of an already established path, now taking on a new strategic dimension. In this respect, the acquisition is more than just an industrial step; it is the confirmation of an already tangible convergence between two companies that share similar market strategies and aspirations for working at heights.
“This acquisition represents a natural step in Multitel Pagliero’s growth path,” said Renzo Pagliero, president of Multitel Pagliero. “Palazzani Industrie is a company with which we share profound values, a solid industrial culture and an international vision. Together we will be able to further expand our worldwide reach and offer customers increasingly comprehensive solutions, while continuing to ensure the essential values of quality, innovation and reliability.”
From an industrial standpoint, the merging of the two companies will result in significant synergies, thanks to the complementary product lines, the companies said. Palazzani-tracked platforms and specialty machines will be added to Multitel’s truck-mounted platforms, creating an even broader and more versatile offering that can satisfy an even wider range of application requirements.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.