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.
LUGANO, Switzerland,
Sept. 22, 2022 /PRNewswire/
-- 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
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