en.Wedoany.com Reported - Italian truck-mounted crane manufacturer Fassi has completed the acquisition of Barin, a manufacturer of aerial work platforms and under-bridge inspection platforms, with the deal finalized at the end of April. The move is part of Fassi's new strategy to establish Barin as the first component of a new infrastructure division, focusing on inspection solutions for industrial plants and public infrastructure.

Barin CEO and second-generation family member Pierpaolo Barin will remain in his role and continue to manage the business, with all 50 employees joining the Fassi Group. Fassi stated that this acquisition, following its purchase of Fascan in the United States, will bring the company's revenue to approximately €500 million and increase its total workforce to 1,800 people.

Fassi came under the control of London-based Investindustrial Group at the end of 2023, which acquired a 70% stake from the Fassi family, with the Fassi family retaining a 30% share. Since then, Fassi has continued to expand. Barin was founded by Italo Barin in 1962, is headquartered in Cittadella, and boasts 23,000 square meters of facilities. Its product line includes three large aerial work platforms (with working heights of 52m, 60m, and 73m), eight AB-type light under-bridge inspection platforms, and nine ABC-type large deck-mounted under-bridge platforms, along with custom services.

Fassi CEO Victor Gottardi stated: "The acquisition of Barin allows us to enter a new business area and adds key expertise to our portfolio of products and solutions for the infrastructure safety and maintenance market."

Pierpaolo Barin added: "This is a crucial step in Barin's growth trajectory. By joining an outstanding company like Fassi, we aim to further expand our portfolio of solutions and technologies to serve international customers."

Barin has established a global customer base in the under-bridge inspection market and focuses on specialized industrial sectors. This acquisition is viewed by the market as a mutually beneficial strategic move.

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