For more than 80 years, Officine Vica has worked with metal. Leader in the production of mechanical components, we are constantly at the heart of the automotive, agriculture and industrial machines markets. But that’s not enough. Officine Vica follows its customers with dedication and care, working with them in each step to develop a product: from designing to prototyping, to finally creating the finished part, Officine Vica is there.
Officine Vica SPA and Haoxin Group announced today that Officine Vica SPA has entered into an investment agreement with Haoxin Group under which Haoxin will acquire a controlling interest in Officine Vica SPA through the subscription of a capital increase. This strategic partnership is expected to enhance the company capabilities and support new opportunities for sustainable growth and product innovation. Subject to satisfaction of several conditions precedent (including approval by PRC authorities and agreement with existing financiers), the deal is expected to complete later in fall this year.
Haoxin’s Chairman Lyu Jixian declared:
“I am thrilled with the signing of this agreement, which, once closed, will add the great engineering and industrial capabilities of Officine Vica in Europe to the Haoxin Group portfolio. It will help us to better serve our customers in the region. I am particularly impressed with the quality of the Officine Vica’s team and the depth of skills and knowledge accumulated during more than 90 years of the company history.”
Officine Vica’s shareholders representative Roberto Pozzi indicated:
“Officine Vica’s shareholders have been working in finding the right industrial and business partner to help the company entering in this new phase of its development. We are delighted and confident that this partnership represents the right cultural fit, common view on the future of the company and technical synergies. This will benefit our customers, employees, suppliers and the communities in which OV has been operating for many decades.”
Constantly searching for different materials, volumes, applications, and technologies: Officine Vica has become over the years a leader in managing a wide range of products and customers also thanks to its streamline but well-structured organization.
Officine Vica Plants are homogeneous for production processes, in order to optimize logistics and process flow.. This promotes also the development of a robust Company Philosophy orientated to Quality and Productivity.
Officine Vica follows its customers with dedication and care, working with them in each step to develop a product: from designing to prototyping, to finally creating the finished part.
Officine Vica has invested since the foundation in the development of specific technologies and professionalism in order to support its customers from the design to the standard product.
