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FERVO, an Italian company active in technical and energy services for the management and efficiency optimization of infrastructure and real estate portfolios, has acquired from the German group BayWa r.e. AG its Italian division, BayWa r.e. Power Solutions, specialized in the development, design, and construction of photovoltaic systems.
The transaction is part of the growth path of the Energy business unit and aligns with the Group’s strategy, which targets €100 million in revenues by 2026.
BayWa r.e. Power Solutions, based in Verona, develops and builds rooftop and ground-mounted photovoltaic systems, energy storage systems, and integrated energy solutions, with a focus on industrial clients, utilities, and IPPs. Founded in 2020, the company has established itself in the Italian EPC (Engineering, Procurement & Construction) landscape, delivering over 120 MWp installed for major national and international clients, generating annual revenues exceeding € 20 million, and maintaining a strong project pipeline for the coming two years.
With this transaction, FERVO, a Technical Services & Energy Management specialist headquartered in Nova Milanese (MB), integrates specific expertise in the renewable energy segment, expanding its presence and scalability in the energy sector in line with the Group’s growth strategy. The Group now exceeds 340 employees and adds an operational hub in Verona, strengthening its position as an integrated provider of technical and energy services for real estate and infrastructure.
“Through this acquisition,” comments Alessandro Belloni, CEO of FERVO, “we are structurally strengthening our positioning in energy, a sector that increasingly requires an integrated approach combining plant development, services, and data management. This step enhances our ability to support clients in their energy transition journeys and in reducing their carbon footprint.”
Francesca Manso, Managing Director of BayWa r.e. Power Solutions S.r.l., states: “Power Solutions has greatly benefited from being part of BayWa r.e., which allowed us to access outstanding know-how and build a solid operational platform. Joining the FERVO Group represents a natural evolution of our value creation journey, supported by an ambitious industrial strategy designed by the Group to address the renewable energy market.”
Rocco Ruggiero, COO of FERVO, adds: “With BayWa r.e. Power Solutions, the FERVO Group is strengthened by the arrival of a highly skilled team with strong technical, operational, and design capabilities, enabling more structured and faster execution across all project phases and ensuring full control of the entire energy value chain.”
