PiovanGroup (“Piovan”) has entered into an agreement to acquire Aasted for an undisclosed consideration from its previous shareholders, the Aasted and Hedstrøm families. The acquisition represents a significant step in Piovan’s strategy to scale its food processing division and expand into attractive, high-growth segments.
About Aasted
Aasted is a global leader in process solutions and equipment for the confectionery and bakery industries. The company is known for its innovative technologies, deep process expertise and long-standing customer relationships. Aasted employs more than 500 employees, serving customers worldwide through its network of sales and service offices and technology center.
About Piovan
Piovan is a global leader in the development and manufacture of automation systems for the storage, conveying and processing of polymers, bio-resins, recycled plastics, food liquids and powders, for both food-grade and industrial applications.
With 90 years of history and more than 2,300 employees, Piovan operates 18 production facilities and more than 40 sales and service subsidiaries, ensuring continuous innovation and a global presence capable of supporting customers at every stage of a project, from technical system definition to installation, commissioning and after-sales support. In p2025, Piovan generated revenue of approximately €600 million, confirming its position as a global benchmark in the sector.