# Pietro Fiorentini Group acquires 60% stake in FAST Spa

The Pietro Fiorentini Group signed an agreement to acquire a 60% share in FAST Spa, a company specializing in automation and process control systems for industry and utilities. The remaining 40% will remain with FAST's founding partners.

- Type: Acquisition
- Announced: 2021-02-09
- Where: Scandiano, Reggio Emilia, Italy
- Status: announced
- Products: process automation and control systems, smart metering, smart grid solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Pietro Fiorentini](https://endata.com/companies/766.md) (acquirer)
- [FAST Spa](https://endata.com/companies/55795.md) (target)

## Sources

- [fiorentini.com](https://www.fiorentini.com/en/news/signed-an-agreement-to-acquire-a-60-share-in-fast-spa-2/), 2021-06-11: "The Pietro Fiorentini Group is pleased to announce the signing of an acquisition agreement for a 60% share in FAST Spa, a company with headquarters in Scandiano – in the province of Reggio Emilia – which manufactures process automation and control systems for industry and utilities production, manag"

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