PR97966

Pini Group acquires Italy's Geodata, which operates in more than 20 countries around the world, and enters the field of Hydropower at a key moment for the energy sector worldwide

LUGANO, Switzerland, Sept. 23, 2022 /PRNewswire=KYODO JBN/ --

The 20 different offices and branches of the historic Turin-based leading

geoengineering company specializing in the design of underground works and in

the hydroelectric sector will become part of Pini Group.

Through this transaction, Pini Group accelerates its growth path by reinforcing

its international presence as a reference company in design, construction

management and consulting services for underground works.

With over 70 years of experience in the local and international market, the

Swiss-born engineering company Pini Group has now acquired Geodata - a

geoengineering company founded in Turin in 1984 and active in 20 countries,

with subsidiaries in Italy, Algeria, Argentina, Australia, Bolivia, Brazil,

Canada, Chile, Ecuador, Greece, India, Malaysia, Nepal, Portugal, Peru, and

Turkey, which is mainly involved in underground and hydro-related works design.

With this strategic acquisition, Pini Group wants to benefit from the know-how

of a company that in these 38 years of activity has planned and supervised the

construction of more than 4,000 km of tunnels and more than 3,500 projects

worldwide relating to subways, traditional and high-speed railways, roads and

motorways, dams and hydroelectric plants, as well as geology and environment.

"We recognize in Geodata an excellent player in the world of underground

engineering and hydropower. Our intention is to enhance all the assets that

have allowed this company to write the history of engineering: from its workers

to its network of suppliers and its international partners. This acquisition is

based on common values that characterize the two companies. Both Geodata and

Pini started out as family businesses, which through hard work, dynamism and

the pursuit of excellence have become global players in the engineering sector.

Furthermore, the acquisition of Geodata allows Pini to access the renewable

energy sector, with a particular focus on the hydroelectricity.

In the fragile and transitional moment we are currently facing, we can make the

experience and knowledge of a dynamic, international and innovative group

available to the sector. We will join forces to build the future of engineering

together."

Andrea Galli, CEO of Pini Group

Among the projects that have made Geodata an excellence in the world of

underground engineering over the years it is worth mentioning the recent design

of the 6 metro lines in the city of Istanbul, still under construction, the

extension of the São Paulo metro line 5 in Brazil and the Maldonado River

underground tunnel in Buenos Aires.

The acquisition will give a strong acceleration to the development plans of

Pini Group, which thus exceeds 700 employees, and strengthens its position as a

leading company in design, construction management and consulting services.

Pini Group

Pini Group, a company founded in Switzerland and with more than 70 years of

experience in the local and international market, currently operates in Italy,

Austria, France, Portugal, Norway, Israel, Australia, Brazil, and the United

States with approximately 500 employees engaged in design, construction

management and consulting services.

"Pini – Smart Engineering" summarizes the peculiarities of our business. Speed

of action, pragmatism, efficiency and a touch of elegance are the key aspects

of our strategy. Faced with a fast-changing world and an increasing number of

challenges, we are committed to developing sustainable solutions for a future

society.

Photo: https://mma.prnewswire.com/media/1902440/PG_Geodata_Panel.jpg

Logo: https://mma.prnewswire.com/media/1902439/PINI_Group_Logo.jpg

Contact: Luca Cereghetti, luca.cereghetti@pini.group, 0041 78 715 26 28

SOURCE: Pini Group