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Who Owns Biesse S.p.A.?
Understanding Biesse S.p.A.'s ownership is key to grasping its strategic direction and accountability. The company, founded in 1969, has grown into a global leader in machinery for processing various materials. Its ownership structure, a blend of founding family influence and public investment, shapes its corporate governance.
Biesse S.p.A. reported consolidated net revenues of €754.7 million in 2024, employing over 3,900 individuals. The recent approval of enhanced voting rights in April 2025 highlights the dynamic nature of its shareholder control.
The ownership of Biesse S.p.A. is primarily influenced by its founding family, which maintains a significant stake, alongside a broader base of public shareholders. This dual ownership structure is common among established industrial companies and can impact strategic decisions and long-term vision. The company's journey began with a focus on wood processing machinery, and it has since expanded its offerings to include solutions for glass, stone, plastic, and metal, serving diverse sectors like furniture and automotive. For a deeper understanding of the external factors influencing the company, a Biesse PESTEL Analysis provides valuable context.
Who Founded Biesse?
Biesse S.p.A. was established in 1969 in Pesaro, Italy, by Giancarlo Selci. The company's initial focus was on advancing wood processing machinery for the furniture market. The Selci family has consistently held a controlling interest since the company's inception, a testament to Giancarlo Selci's foundational vision.
| Key Ownership Aspect | Details |
|---|---|
| Founder | Giancarlo Selci |
| Year Established | 1969 |
| Initial Focus | Wood processing machinery |
| Primary Ownership | Selci family |
Giancarlo Selci founded the company with a strong emphasis on innovation. This commitment guided its early development and expansion into new sectors.
The Selci family has maintained a controlling stake throughout the company's history. This has ensured a stable strategic direction and continuity in its operations.
By 1987, the company had broadened its expertise to include machinery for glass and stone processing. This diversification was a key part of its early growth strategy.
The company initiated an intensive internationalization process starting in 1989. This marked a significant step in its global expansion efforts.
The strong foundational ownership allowed the company to become a vital part of the Italian furniture industry. This early integration supported its subsequent growth.
A core element of the founding team's ethos was a dedication to technological advancement. This principle has remained central to the company's identity and success.
The foundational ownership structure, with the Selci family maintaining a controlling interest, has been instrumental in shaping the company's trajectory. This consistent ownership has facilitated a clear strategic vision, enabling the company to not only solidify its position within the Italian furniture sector but also to pursue a robust internationalization strategy from 1989 onwards. The early commitment to innovation, evident in its expansion into glass and stone processing by 1987, underscores the enduring influence of its founder, Giancarlo Selci. Understanding this early ownership is key to grasping the Marketing Strategy of Biesse and its subsequent growth.
The Selci family's enduring control has provided stability and a consistent strategic direction. This has been crucial for the company's long-term development and expansion.
- Founded in 1969 by Giancarlo Selci.
- Initial focus on wood processing machinery.
- Selci family has maintained a controlling interest.
- Expanded into glass and stone processing by 1987.
- Began internationalization in 1989.
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How Has Biesse’s Ownership Changed Over Time?
The ownership structure of Biesse S.p.A. has been significantly shaped by the founding family, ensuring continued strategic direction. The company's share capital, totaling 27,402,593 euros, is divided into ordinary shares, with a substantial portion held by entities controlled by the founding family.
| Shareholder Entity | Percentage of Share Capital | Percentage of Voting Rights |
|---|---|---|
| Bi.Fin S.r.l. (controlled by Giancarlo Selci) | 50.98% | 67.53% |
| Free Float | 49.02% |
Bi.Fin S.r.l., under the control of Giancarlo Selci, holds a commanding 50.98% of the company's share capital, translating to an even more dominant 67.53% of the total voting rights. This disparity suggests a structure with enhanced voting rights for certain shareholders, solidifying the Selci family's strategic control. The remaining 49.02% represents the free float available to other investors. As of early 2025, key institutional shareholders include Fideuram - Intesa Sanpaolo Private Banking Asset Management S.G.R. S.p.A. with 1.15%, AcomeA SGR SpA with 1.51%, and Anima SGR S.p.A. holding 0.95% of the shares. A significant development impacting the group's structure was the acquisition of GMM Finance S.r.l. in January 2024 for approximately €69 million, which was integrated into the company's financial statements from January 1, 2024, reinforcing its market position in the stone and glass sectors. This blend of strong family control and a growing institutional investor base influences the company's long-term strategy and governance.
The Biesse company owner structure is characterized by significant family influence alongside institutional investment. This dual ownership model shapes the company's strategic decisions and market approach.
- The Selci family, through Bi.Fin S.r.l., maintains controlling interest.
- A substantial free float allows for public investment.
- Key institutional investors include Fideuram - Intesa Sanpaolo Private Banking Asset Management S.G.R. S.p.A., AcomeA SGR SpA, and Anima SGR S.p.A.
- The company is listed on the Euronext STAR segment of the Milan Stock Exchange.
- Recent acquisitions, like GMM Finance S.r.l., impact the group's overall structure and market presence.
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Who Sits on Biesse’s Board?
The governance of Biesse S.p.A. is overseen by its Board of Directors, which includes a mix of family representation and independent members. As of 2025, Roberto Selci holds the positions of Chairperson and Chief Executive Officer, continuing the founding family's leadership. The board also features Alessandra Baronciani, Lead Independent Director Rossella Schiavini, Independent Directors Federica Ricceri and Cristina Sgubin, and Salvatore Giordano.
| Board Member | Role |
|---|---|
| Roberto Selci | Chairperson and Chief Executive Officer |
| Alessandra Baronciani | Board Member |
| Rossella Schiavini | Lead Independent Director |
| Federica Ricceri | Independent Director |
| Cristina Sgubin | Independent Director |
| Salvatore Giordano | Board Member |
Biesse's voting power is largely structured around a one-share-one-vote principle for its ordinary shares. However, a significant change occurred in April 2025 when an Extraordinary Shareholders' Meeting approved enhanced voting rights. This new system allows shareholders who maintain their shares for a continuous period to accumulate additional voting power, potentially reaching up to 10 votes per share. This move is designed to strengthen the influence of long-term shareholders, notably the Selci family through Bi.Fin S.r.l. As of March 2025, Bi.Fin S.r.l. controlled 67.53% of the voting rights, representing 50.98% of the share capital. The implementation of these enhanced voting rights led to a right of withdrawal for shareholders who disagreed, with 489,664 shares, or 1.7869% of the share capital, exercising this option by May 21, 2025, at a liquidation value of €7.77 per share. This demonstrates the company's strategy to ensure stable shareholder control and manage potential shifts in governance, impacting the overall Biesse ownership landscape.
The voting power within Biesse is increasingly concentrated among long-term holders. This structure influences who owns Biesse and how decisions are made.
- Introduction of enhanced voting rights in April 2025.
- Long-term shareholders can gain up to 10 votes per share.
- Bi.Fin S.r.l. held 67.53% of voting rights as of March 2025.
- 1.7869% of shares exercised withdrawal rights following the vote.
- This impacts the Biesse Group structure and Biesse shareholders.
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What Recent Changes Have Shaped Biesse’s Ownership Landscape?
Over the last three to five years, Biesse S.p.A. has navigated significant ownership trends and strategic developments. Key among these were leadership changes, a substantial acquisition, and a share buyback program, all occurring against a backdrop of evolving market conditions. These actions reflect an ongoing effort to adapt the company's structure and enhance shareholder value in a dynamic economic climate.
| Development | Date | Details |
| Share Buyback Program Approval | November 2024 | Authorization to purchase up to 10% of share capital, with a budget of €15 million. |
| Acquisition of GMM Finance S.r.l. | January 29, 2024 | Acquired for approximately €69 million to bolster presence in stone and glass processing. |
| Chairperson Appointment | 2024 | Roberto Selci assumed the role of Chairperson. |
| CEO Appointment | 2025 | Roberto Selci also took on the role of Chief Executive Officer. |
| Corporate Reorganization | May 2025 | Transfer of business units to a single subsidiary to improve operational efficiency. |
| Withdrawal of Three Years Plan | 2025 | Plan for 2024-2026 withdrawn due to macroeconomic uncertainties. |
| Enhanced Voting Rights | 2025 | Introduction of enhanced voting rights to solidify long-term shareholder control. |
The company's financial performance in 2024 and the first half of 2025 indicated a challenging period. Consolidated net revenues for the full year 2024 were €754.7 million, a 3.9% decrease from 2023, with net profit dropping by 70% to €3.8 million. The first quarter of 2025 saw revenues fall to €153.3 million (down 21.7% from Q1 2024) and a net loss of €2.8 million. By the first half of 2025, consolidated net revenues reached €322.8 million, an 18.4% decrease compared to H1 2024, resulting in a net loss of €7.1 million. This performance, coupled with global economic uncertainties, led to the withdrawal of the Three Years Plan 2024-2026, signaling a need for strategic adjustments.
In January 2024, Biesse acquired GMM Finance S.r.l. for approximately €69 million. This move significantly strengthened its market position in the stone and glass processing sectors.
Roberto Selci took on key leadership roles, becoming Chairperson in 2024 and Chief Executive Officer in 2025. This transition aims to guide the company through its current strategic phase.
The company experienced a revenue decline in 2024 and the first half of 2025, leading to the withdrawal of its three-year plan. This reflects the impact of a challenging macroeconomic environment.
A share buyback program was approved in November 2024, allowing for the repurchase of up to 10% of share capital. This initiative is designed to enhance shareholder value and optimize the company's capital structure.
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