Italy buys overseas

The recent purchase of Grom by Unilever is only latest in a series of foreign investment in the excellence of Made in Italy. But the tables are also being turned; Italians are consolidating their global presence with foreign purchases.

Some of the most significant recent Italian purchases include:

Gtech

In May 2014, Gtech, previously Lottomatica, purchased International Game Technology (IGT) headquartered in Las Vegas, one of the foremost social gaming and lottery systems companies, for 4,7 million dollars.

Chiesi Farmaceutica

In February 2014, Chiesi Farmaceutica closed on the American Cornerstone Thearpeutics, for which they already owned 58% of the shares.

Campari

In March 2014, Campari bought out the Canadian whisky and liqueur producers Forty Creek Distillery for 185,6 million Canadian dollars (120,5 million euros.)

Amplifon

In April of 2014, Amplifon bought 60% of one of their competitors, the Israeli Medtechnica Orthophone. Just a few months later, in November they acquired 51% of the Brazilian Direito de Ouvir.

Ferrero

In June 2015, Ferrero took over the British giant Thorntons for an estimated 157 million euros.

These takeovers, complex and delicate, are an exciting example of the Italian move onto the global market. And we’re seeing it at all levels of business. A total reorganization of roles and tasks and new global communications strategies will become the norm to integrate multinational staff and reach company objectives for these acquisitions to survive.

maka language consulting
www.makaitalia.com