ABGSC acted as financial advisor to PiovanGroup in the acquisition of Aasted

On Tuesday 16 June 2026, PiovanGroup (“Piovan”), a global leader in automation systems for industrial and food processing applications, announced the acquisition of Aasted ApS (“Aasted”), a leading provider of equipment and integrated solutions for the chocolate, bakery, and confectionery industries, for an undisclosed consideration.

The transaction marks a transformational step in Piovan’s strategy to scale its food processing division and expand into attractive, high-growth end markets. By combining Piovan’s leading capabilities in raw material handling with Aasted’s advanced processing technologies, the group will be able to offer fully integrated, turnkey solutions spanning the entire production line – from ingredient handling to finished product.

Building on the shared values of craftsmanship and innovation deeply ingrained in the two businesses over several decades, the combination is expected to unlock meaningful commercial and operational value creation, creating a compelling global platform and new opportunities for customers, employees, and future growth.

ABG Sundal Collier is delighted to have supported Piovan in the acquisition of Aasted and would like to congratulate the parties on the transformational transaction.

Please note that the transaction is signed and pending closing.