AVK acquires 60% of AC.MO s.r.l.
We are pleased to announce that we have completed the acquisition of a 60% stake in AC.MO s.r.l.. The two present owners of AC.MO s.r.l., Paolo Sebastiani and Sofia Lavagnolo, will remain as management and shareholders in the company. 04-02-2019
AC.MO s.r.l. has its main location in Roncade, Italy, just outside of Venice and further locations in Milan, Empoli (Tuscany) and Rome. The company was founded in 1968, has 48 employees and expects a turnover this year of approx. €15 million.
AC.MO has a strong position in the irrigation market in Italy with a Smart hydrant, Hydropass, integrating control of the waterflow, metering, prepayment system and communication for remote control. AC.MO has developed other Smart solutions including e.g. on site local communication units, SCADA and Cloud based solutions via the subsidiary company, AC.MO Tecnologie Integrate S.r.l. (ATI). AC.MO will serve as the competence centre in the AVK Group for Smart water solutions, thus adding digital solutions and intelligence to AVK products that are vital for a sustainable water distribution network.
On top of this, the product range of AC.MO includes needle valves, control valves, check valves, air valves and dismantling joints, which will extend the product offering of the AVK Group along with a strengthened competence within pressure management.
See more on www.acmospa.com
With this new acquisition AC.MO s.r.l. will strengthen the entire AVK Group counting +100 companies and more than 3.900 dedicated employees. AC.MO will be part of the Continental European region under the chairmanship of Morten S. Nielsen.