The Wallenberg Forum in Trieste
GCG member firm Cavour Corporate Finance was the keynote speaker at Novare Forum held by Wallenberg Group, in Trieste. Wallenberg Group is the leading Swedish conglomerate composed of companies involved in industrial, financial, and real estate businesses.
Novare Leadership Academy, a company belonging to the Group, although quite independent, offers top managers leadership development programmes, networking activities, and platforms to exchange professional experience.
Cavour has been invited to hold a workshop on “Sistema Italia” during the Forum organised in Trieste on 22-23 November 2018.
Top managers from several companies joined the workshop: SKF, Swedish multinational group leader in the manufacturing of ball bearings and mechatronics, with a EUR 7.5 billion turnover; ABB, industrial automation and robotics leader in the utilities industry, transportation, and infrastructure sector, with EUR 30 billion turnover; Wartsila, one of the world leaders in Smart Technologies for the marine and energy sectors, with a turnover of EUR 4.9 billion; SAAB, Swedish group globally active in products, services, and solutions for military defence and civil security; Huskvarna Motorcycles, Austrian motorbikes producer which designs, engineers, manufactures and distributes motocross, enduro, supermoto and street motorcycles; Mölnlycke Health Care, Swedish medical product company; Permobil, Swedish manufacturer of wheelchairs and systems for disabled persons; Stena Line, international transport and travel business service with the most comprehensive route network in Northern Europe; Munters Group, operating in the air treatment and HVAC; Hoganas, world-leading manufacturer of metal powders for industrial application.
Furthermore, delegates from banks and public institutions, like SEB Bank and SSC Swedish Space Cooperation, joined the workshop. Cavour's speech focused on the current political and economic environment in Italy, and the political events occurred in the aftermath of Tangentopoli (1991) to date, on the macroeconomic framework and, finally, on the strengths of the Italian economic system (i.e. SMEs and “Industrial Districts” (or Clusters) among others).
Dr Antonio Zecchino and Barbara Grieco spoke extensively about the Italian economic system and, in particular, about the Emilia Romagna region, presenting the system of the Supply Chain and Industrial Districts. Particularly the sectors of agrifood and automotive were examined, as well as the most representative industrial districts of Emilia Romagna, such as the “Food Valley”, the “Packaging Valley”, the ceramic, biomedical, mechatronic, automotive-supercar, and textile-knitwear districts. Finally, they showed a report on the M&A activity in Italy between 2016 and 2018 and a presentation of the main critical issues occurring in cross-border transactions.
The Novare Forum has been held at the Italian offce of Wartsila Group and concluded with a festive dinner at the Antica Ghiacceretta Restaurant in Trieste.
Cavour Corporate Finance
M&A Advisory, Corporate Finance
T: +39 051 226623
Dr Antonio Zecchino
Photo: Cavour Corporate Finance