Seven M&A operations in less than 36 months, among which the most significant was probably – due to its size and brand notoriety – that of Beghelli (finalized in March 2025), a historic Italian brand specializing in emergency lighting and safety solutions. These operations, combined with the group’s organic growth, led Gewiss to close 2025 with record revenues of 824 million euros (up 33% compared to 2024), with an EBITDA of 136 million, up 24% compared to the previous year and 175% compared to 2020, the year in which the president of the Bergamo-based group, Fabio Bosatelli, launched the new entrepreneurial vision and growth strategy.
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A strategy he himself renamed “Minds”, an acronym for the four fundamental levers to achieve the company’s transformation and fully develop its potential: managerialization, internationalization, digitalization, and sustainability.
After a year focused mainly on the integration and consolidation of operations, Gewiss scores a new acquisition, signed yesterday, which allows the group to enter a new area with great potential, that of “healthy building”, which will support and complete Gewiss’s already structured offer in the sectors of home & building automation, energy protection and distribution, electric mobility, and smart lighting, through its portfolio companies (in addition to Beghelli, also Performance in Lighting, Pulsar Engineering, Tvilight, Elmet and Verde21 and VDA Telkonet). The group has acquired 51% of ReAir, a start-up specializing in environmental and air sanitization solutions. “This is a significant acquisition not so much for its size, being a start-up, but from an industrial and value proposition point of view, because it allows us to offer increasingly advanced and integrated solutions to our customers,” explains Paolo Cervini, CEO of Gewiss.
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Entrepreneurship and Management
It is this integrated approach that, in the last six years, has allowed the company to transform itself from a reality of excellence, predominantly product-focused, Italy-centric, and with an «enterprise value» of approximately 500 million euros – as it was in 2020 – into a group with 3,500 employees, present in 53 countries, which aims to reach a valuation of 2 billion euros by 2028. Results achieved thanks to the combination of the entrepreneurial and value-driven vision guaranteed by the president and the Bosatelli family and the managerial skills of the CEO and the executive committee, and thanks to a growth strategy based, Cervini specifies, “on organic growth, selective M&A, international strengthening, intergroup synergies, sustainability, and execution capability.”
«The numbers confirm that a vision produces value only when it is translated into concrete and consistent choices over time – says Bosatelli, -. In recent years, we have continued to invest in people, skills, industrial capacity, innovation, and openness to international markets. We have strengthened the group through acquisitions that have expanded its perimeter, but also by integrating complementary technologies, professionalism, and entrepreneurial realities.»
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