The deal will strengthen the Salcef Group’s core track work activities in Italy and expand its commercial offer, particularly in the narrow-gauge segment.

Salcef Group S.p.A. has reached an agreement with the Ventura family to acquire the entire share capital of Francesco Ventura Costruzioni Ferroviarie S.r.l. (FVCF), a company active in the railway equipment sector and in the design, construction, maintenance and renewal of railway lines since 1971. The deal was carried out on the basis of an enterprise value of 70 million euros.

FVCF is based in Rome and has an extensive presence in southern Italy, where it been part of important projects in the regular rail network, in high-speed railways and in urban transport. It has a workforce of almost 400 employees and a fleet of machinery for railway works of over 400 units, including machinery for narrow-gauge lines.

Turnover for 2020 and 2021 was approximately 50 million euros. With a backlog of over  200 million euros, and due to possible synergies with the Group’s core business activities, the expected annual turnover when fully operational is between 60 – 70 million euros, with profit margins in line with the type of business. Within the Group, FVCF’s contribution will be concentrated in the Track & Light Civil Work Business Unit.

Valeriano Salciccia, Salcef Group CEO commented: “The deal fits perfectly with our growth strategy, allowing us to increase our presence in our track works core business, and at the same time providing the Group with machinery and qualified human resources, which are essential at this time of significant investment in the sector. Thanks to the acquisition of one of the largest and best-known companies in the sector, which boasts considerable experience and production capacity, this deal further strengthens our Group’s role in implementing projects to develop sustainable mobility in Italy and especially in the centre-south. Our Group continues to demonstrate its ability to grow externally as well as organically. Once again this year we have confirmed our expertise and reliability in execution, achieving important commercial results and outstanding operational performance in the first nine months”.