The Faymonville Group has reached an agreement to acquire the majority shares of Morello, an Italian company that makes self-propelled solutions for intralogistics, writes Peter Brown.
Morello makes battery driven electric heavy load transport vehicles designed to move heavy industrial loads within the perimeters of industrial plants.
This synergy opens new horizons for the Luxembourg-based manufacturer and strengthens its position as a full-range supplier for special and heavy haulage vehicles, the Faymonville Group stated.
The CEO of the Faymonville Group Alexander Fickerssaid: “This strategic acquisition significantly enhances our market position and reinforces our role as a comprehensive provider for specialized transport solutions.
“The discussion with the Morello team were characterized by trust and shared visions. We are excited to welcome Morello as the newest member in our ‘Fay-mily’.”
Amedeo Morello, representing the family business, said it was an important step for the company. “We are proud and grateful that our technology will become part of the strong offer of the family-owned Faymonville Group. With 80 years of market experience, the Morello name will be maintained and is looking forward to a promising future,” he said.
It’s a deal: left to right; Amedeo Morello, Francesco Morello, Alain Faymonville and Yves Faymonville (image: Faymonville Group).
