The Industry 4.0 Fund invests in Rototech S.r.l.
The Quadrivio Group, through its Industry 4.0 Fund, has announced its acquisition of ROTOTECH, an Italian group that, using rotational technology, has achieved a position of global leadership. To company produces fuel tanks and Ad Blue, air intake systems and other components for the most important manufacturers of industrial vehicles, agricultural machinery, and earthmoving machinery.
The acquisition represents the second investment by the Industry 4.0 Fund, driven by Alessandro Binello, Walter Ricciotti and Roberto Crapelli, who invests in the digitalization of small to medium enterprises. Previously, the fund invested in Nabucco. Industry 4.0 Fund takes over a majority stake in the company owned by the Accornero family. Oreste Accornero, current President of Rototech, will continue to guide the company and will be assisted by a CEO expert in the sector for the implementation of the new industrial development plan.
Rototech began its activities in 1916 with a sheet metal stamping company founded by grandfather Oreste Accornero, who passed down his name to the current President. Today, Rototech Group, with its headquarters in San Gillio (Turin), has a significant international presence with establishments in Italy, France, India, and Russia, as well as an important partnership in China, thus confirming its predisposition to exports and global markets. In 2018, Rototech Italia exported over 90% of its turnover, reaching 60 million euros and employing over 450 people worldwide…