Aasted, a global provider of process solutions and equipment for the confectionery and bakery industries, announces that the Aasted and Hedstrøm families have entered into an agreement to sell the company to PiovanGroup.
PiovanGroup is a global operator in the design, manufacture and installation of systems that automate storage, transport and processing of polymers and food ingredients. The transaction marks an important milestone in Aasted’s more than 100-year history and creates a strong platform for the company’s next phase of growth. For generations, the Aasted and Hedstrøm families have built Aasted on innovation, entrepreneurship, customer focus and long-term thinking.
Under their ownership, Aasted has grown into a global technology leader serving customers around the world. Over the past decade, the company has further strengthened its position through significant focus on sustainability and energy-efficient technologies, making sustainability an important part of Aasted’s purpose and strategic ambition.
Building on a Strong Foundation and Creating Opportunities Together
Aasted’s ambition remains unchanged: to create value for customers by leading the transition towards more sustainable production, continuing to innovate, and strengthening its position as a preferred technology partner to the global confectionery and bakery industries.
“This is about creating even more opportunities for Aasted, our customers and our employees. We are proud of what has been built over generations, and we remain deeply committed to the culture, values and entrepreneurial spirit that define Aasted, while continuing to build the company from its longstanding home in Farum, Denmark. At the same time, we see tremendous opportunities in joining a strong international group that shares our long-term perspective and ambition for growth,” said Piet H. Tæstensen, CEO of Aasted.
“The combination of complementary technologies, strong customer relationships and an expanded global footprint is expected to create a compelling global platform for accelerated growth.” said Filippo Zuppichin, Chief Executive Officer of PiovanGroup.
“The agreement with Aasted marks the beginning of a new chapter, bringing together two companies that share a deep commitment to innovation, quality and long-term customer relationships. We have great respect for the heritage and culture that Aasted has developed over generations. Together, we will continue to build on these strong foundations, supported by a shared vision and aligned values, with the objective of further strengthening our international growth strategy for the benefit of all customers and stakeholders,” said Nicola Piovan, Executive Chairman.
