The Castiglioni family has sold Betoncablo S.p.A. and STV Castiglioni S.r.l. to Gridcore S.p.A., facilitating enhanced services in Italy's electrical networks sector.
Information on the Target
Betoncablo S.p.A., headquartered in Busto Arsizio (VA), stands out as a leading Italian company specializing in the installation and maintenance of medium-low voltage electrical networks. The firm is also engaged in designing and manufacturing secondary transformation substations, which are vital for modernizing the national electrical grid and addressing the surging demand spurred by the energy transition.
In conjunction with Betoncablo, the Castiglioni family divested STV Castiglioni S.r.l., a company that operates in complementary sectors, including the production of structural elements for civil engineering projects such as bridges, viaducts, highways, and other critical infrastructures. This strategic sale enhances Gridcore's footprint in the electrical networks sector and bolsters the array of services associated with secondary substations.
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Industry Overview in Italy
The Italian construction and electrical sectors have been undergoing significant evolution, driven by a growing emphasis on sustainability and the modernization of infrastructure. Th
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Gridcore S.p.A.
invested in
Betoncablo S.p.A. and STV Castiglioni S.r.l.
in 2025
in a Merger deal