Ethica Group, through its M&A Advisory team, acted as advisor in the acquisition of PIGHI S.r.l. by Eurofeu S.G., a European leader in fire safety and owned by IK Partners since 2024.
Eurofeu is a French group with over 50 years of experience that designs, manufactures, distributes and maintains a wide range of fire prevention and protection solutions, including certified fire extinguishers, detection systems and training and maintenance services, serving mainly B2B clients in France and abroad.
Founded in 1956 under the name PIGHI ANTINCENDI, PIGHI is now a leading player in Italy for all services related to fire safety. Over the years, it has grown both organically and through strategic acquisitions. Today, Pighi has 7 operational sites across Veneto, Lombardy, Friuli-Venezia Giulia, Emilia-Romagna and Lazio, 200 employees and collaborators and over 120 technicians located throughout the country, ensuring effective and efficient management of projects, with a particular competitive advantage for multi-site companies.
The transaction, which will bring the Group to more than 2,400 employees, enables Eurofeu to enter the Italian market – currently not yet served by the Group – and further strengthens its strategy of growth and consolidation at the European level in the fire safety sector. Eurofeu will also benefit from PIGHI’s strong market position, extensive territorial presence and relationships with major clients in various industrial sectors, from large-scale retail to pharmaceuticals, as well as chemicals and food.
Eric Hentges, CEO of Eurofeu, stated: “This transaction represents a fundamental step in Eurofeu’s European expansion strategy. We are particularly proud that Alessandro Campedelli, who shares our passion for fire protection and our entrepreneurial spirit, has agreed to work with us to accelerate Pighi’s development in Italy through continued organic growth and targeted acquisitions.”
As part of the transaction, Ethica Group – with Alessandro Corina, Filippo Salvetti, and Matteo Diana from the M&A Advisory team – and Unistudio Advisory acted as financial advisors, Legance and Unistudio&Gambino handled the legal aspects of the transaction, while EpyonVivida conducted the financial due diligence.
