The shareholders of EDIF S.p.A. have sold a majority stake to Megawatt Group, a leading operator in the electrical equipment distribution market in Southern and Central Italy.
In this transaction, the shareholders of EDIF S.p.A. were assisted by Equita K Finance, the Italian partner of Clairfield International and part of Equita Group, for the legal part by Russo De Rosa Associati and for the fiscal and accounting part by Mr Francesco Cittadini.
The operation is part of the growth strategy launched by the Marigliano family in central/southern Italy with the aim of substantially expanding the reference market and guaranteeing more services and higher quality, consolidating the already solid current competitive positioning.
EDIF S.p.A., based in Corridonia (Macerata), has been active for over thirty years in the market for the distribution of electrical, lighting and thermo-hydraulic materials along the Adriatic ridge, with 25 shops and 1 logistics pole distributed in Emilia Romagna, Marche, Umbria, Abruzzo and Molise. In 2020 EDIF recorded a consolidated turnover of Euro 106 million.
Megawatt Group, founded in 1981 in Casoria (Naples) by the Marigliano family, has grown considerably over the years to become a reference point in the distribution of electrical, electrotechnical and lighting equipment at national level, and in particular in the southern regions of Italy, boasting over 1,000 employees and a turnover of around Euro 300 million.
The agreement stipulates that EDIF, while integrating synergistically with the experience and know-how of Megawatt group, will maintain its own identity, company name and management team. The Verdicchio – Rosini family will remain in the corporate structure and, together with the new ownership, will continue to operate on a daily basis in the management of the company, maintaining the attention to customers, employees, suppliers and their area agencies that has always distinguished EDIF.
Mrs Umbertina Verdicchio, who has been at the helm of EDIF S.p.A. since its foundation, said of the transaction: “After much deliberation, I have decided to sell my shareholding in EDIF to a recognized operator in the sector for whom I have sincere esteem and who will guarantee an even richer future for the company I have built up thanks to the valuable contribution of all my employees and collaborators”.
“Giovanni Marigliano, founder of Megawatt Group, said: “This transaction is of strategic importance for our Group, as it allows us to strengthen our presence in the national market, particularly in the centre-south”.