Gewiss – Beghelli joins the GEWISS Group
February 13, 2025 – GEWISS S.p.A. announces that today it has acquired a majority stake (75.04%) in the share capital of Beghelli S.p.A., a historic Italian brand specializing in emergency lighting and safety solutions.
In compliance with the terms set by current regulations, GEWISS will launch a mandatory Public Tender Offer (PTO) for the remaining outstanding shares of Beghelli, aiming for the delisting of the company.
The transaction aims to strengthen the Lighting Division of the GEWISS Group and consolidate its market presence in the lighting sector by integrating the Beghelli brand.
Additionally, the goal is to expand GEWISS Group’s offering of innovative lighting solutions: the combination of Beghelli’s technological expertise in emergency lighting with GEWISS’s experience in energy management and smart lighting (further enhanced by GEWISS’s recent acquisition of Tvilight) will enable the development of integrated products and services. This will better address the needs of an evolving market and, most importantly, provide customers with a stronger and more comprehensive team.
Moreover, the transaction ensures Beghelli’s integration into a group with strong Italian roots, sharing the same values of integrity, excellence, and sustainability, and operating under a managerial governance model focused on transparency and innovation.
With Beghelli joining the GEWISS Group, its leadership will be entrusted to Paolo Cervini, CEO of the POLIFIN holding and its subsidiaries (GEWISS, COSTIM, and CHORUSLIFE), who will assume the role of Chairman of the Board of Directors of Beghelli, while Alfonso D’Andretta, Managing Director of GEWISS’s Lighting Business Unit, will take on the position of Chief Executive Officer (CEO) of Beghelli.
“This acquisition,” explains Fabio BOSATELLI, Chairman of the POLIFIN holding and GEWISS, “is not only a strategic investment but also an opportunity to enhance Italian excellence. I am confident that together we can take on new challenges, create even more innovative solutions, and generate economic and social value for all our stakeholders.”
“Today,” adds Paolo CERVINI, “marks the beginning of an exciting journey where two outstanding companies come together to build a future of innovation and growth. This acquisition represents another significant milestone in line with our strategic vision to become a leading international player and strengthen our leadership in offering increasingly advanced solutions and services.”
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EMR Analysis
More information on GEWISS S.p.A.: https://www.gewiss.com/ww/en + GEWISS is a key player on the market manufacturing solutions for home & building automation, energy protection and distribution systems, smart lighting and e-mobility.
Founded in 1970 on the revolutionary innovation of using technopolymer in electrical engineering, today GEWISS is the most important company in the electrotechnical sector with Italian capital.
- +2.250 Employees
- 28 Worldwide locations
- 620 millions invoiced
- +100 Achieved countries
GEWISS S.p.a. is the Parent Company of Gewiss Group. It has its registered offices in Cenate Sotto (Bergamo) and production facilities at Cenate Sotto (Bergamo), Cenate Sopra (Bergamo) and Castel San Giovanni (Piacenza). Since early 2000, its new logistics/technological hub has also been operative, based in Calcinate (Bergamo), a strategic location which can serve the entire central European area within a 1,000 Km radius.
During the last decade of the twentieth century were opened the Spanish and German subsidiaries and were acquired the European industry-leaders NOWAPLAST, SCHUPA and MAVIL: this was the original core of the GEWISS Group.
The Parent Company, GEWISS Spa, founded in 1970, has its registered offices in Cenate Sotto (Bergamo) and production facilities at Cenate Sotto (Bergamo), Cenate Sopra (Bergamo) and Castel San Giovanni (Piacenza). Since early 2000, the company’s new logistics/technological hub, based in Calcinate (Bergamo) – a strategic location which can serve the entire central European area within a 1,000 Km radius – has has also been operational. The Group’s production facilities abroad are located in Germany, France and Portugal.
More information on Fabio Bosatelli (Chairman, POLIFIN Holding S.p.A. and subsidiaries (GEWISS, COSTIM, and CHORUSLIFE) +, President, GEWISS Group): https://www.linkedin.com/in/fabio-bosatelli-19bb117/
More information on Paolo Cervini (Chief Executive Officer, POLIFIN Holding S.p.A. and subsidiaries (GEWISS, COSTIM, and CHORUSLIFE) + Chairman of the Board of Directors, Beghelli, GEWISS Group): https://www.linkedin.com/in/paolocervini/
More information on Beghelli S.p.A. by GEWISS Group: https://www.beghelli.it/en + It was 1982 when Gian Pietro Beghelli founded Beghelli, a group that designs, manufactures and distributes professional technical lighting equipment.
In just a few years, it became an Italian leader in the emergency lighting sector and also made electronic systems for home automation and industrial and home security, also combining products and services.
Beghelli’s leadership is based on its ability to interpret market needs: over the years, investments in the quality of the offer and in the brand – known by 75% of the Italian population (source Doxa) – have contributed to the Group’s affirmation in traditional sectors of activity and represent a guarantee of success in the launch of new products. Beghelli’s mission is to develop innovative solutions for the well-being and safety of people, to create technologies capable of guaranteeing energy savings and safety for consumers, both in the domestic and industrial sectors. Useful products that help improve people’s quality of life but are simple to use.
In 40 years of experience, the Group has achieved a leading position in the Italian and European emergency lighting market, with a market share in Europe of 16.8 percent (source: lighting market data – CSIL)
More information on Alfonso D’Andretta (Chief Executive Officer, Beghelli, GEWISS Group + Member of the Board, LightingEurope): https://www.linkedin.com/in/alfonsodandretta/
More information on Tvilight by GEWISS Group: https://tvilight.com/ + With over 800 projects across 20+ countries worldwide, TVILIGHT is a European market leader in the smart street lighting solutions. Headquartered in the Netherlands, with offices in Groningen, Amsterdam and Ahmedabad (India), we specialize in street light motion sensors, outdoor luminaire controllers and central management software (CMS).
More information on Chintan Shah (Chairman and Founder, Tvilight, GEWISS Group): https://tvilight.com/our-team/ + https://www.linkedin.com/in/chintanshah
More information on Heide Jeuken (Chief Executive Officer, Tvilight, GEWISS Group): https://tvilight.com/our-team/ + https://www.linkedin.com/in/heide-heide-jeuken-dahmen-178361/
EMR Additional Notes:
- Public Tender Offer (PTO):
- A tender offer is a bid to purchase some or all of the shareholders’ stock in a corporation. Tender offers are typically made publicly and invite shareholders to sell their shares for a specified price and within a particular window of time. The price offered is usually at a premium to the market price and is often contingent upon a minimum or a maximum number of shares sold.