A strategic operation, carried out by an Italian automotive components group to consolidate the business, expand its technological expertise, and broaden the market. The Turin-based holding company Brepafin, which controls the Sila Group, has defined a two-step plan for the acquisition of the activities of the Vimercati Group of Pero. The union of the two companies, which will be preceded by a branch lease phase, will lead to a player with over 220 million euros in revenues, about 400 employees in Italy, and over 2,100 globally. The financial terms of the operation have remained confidential, and the closing is expected in the early months of next year.
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“With this operation – emphasizes Edoardo Pavesio, president of the Sila Group and among the vice presidents of Amma of Turin (Association of Mechatronics Companies) – we want to highlight how the path towards the consolidation of Italian automotive component companies is not only possible but represents an opportunity to strengthen competitiveness in the markets, in a very difficult phase.” At full operation, “we expect significant design synergies at the product and technology level. As Sila Group, we complete our global presence, as the activation of the Vimercati plant in Mexico will allow us to operate directly in the US market without tariffs. Similarly, Sila’s presence in Asia opens new opportunities in strategic automotive markets. This is the industrial base on which we will develop a commercial growth plan with immediate impacts,” explains the CEO of the Sila Group, Pasquale Colicchia.
The activities of Vimercati – owned since 2015 by the Indian Viney Corporation Ltd – will be renamed NextHMI. The company, founded in 1947, specializes in the design and production of switches and contacts mainly for the automotive sector, employing over 800 workers in Italy and Romania, 140 of whom at the historic Lombardy headquarters on Via Monti, in Pero, alongside an industrial presence in Monterey, Mexico.
Brepafin is the holding company that gathers all the shareholders of the Brero and Pavesio families, which control the Sila Group, founded in 1943 in Orbassano and today a global player in the design and production of gear shift control systems and flexible cables for the automotive industry. The group is present not only in Italy but also in Poland, Brazil, India, and China. “The histories of these two companies have so far been parallel, and both best represent the tenacity and desire to grow and develop Italian products and technologies that we then successfully export worldwide,” explains Brepafin president Edoardo Pavesio, who leads – along with representatives of the third generation – the group founded by Edoardo Brero and later managed by Oreste Brero.
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