# Coesia acquires 60% stake in System's ceramics business

Coesia agreed to acquire 60% of the ceramic business of System S.p.A., to be incorporated into a new company named System Ceramics, with Franco Stefani retaining a 40% stake and remaining Chairman.

- Type: Acquisition
- Announced: 2018-07-31
- Where: Fiorano Modenese, Italy
- Status: announced
- Products: ceramic machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Coesia](https://endata.com/companies/10282.md) (acquirer)
- [System S.p.A.](https://endata.com/companies/33841.md) (target)

## Sources

- [ceramicworldweb.com](https://ceramicworldweb.com/en/news/coesia-acquires-majority-stake-systems-ceramics-business), 2018-08-20: "I feel a social and personal responsibility not just towards the group I created but above all towards the people who work at my companies."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.