# Taylor Group acquires controlling stake in CVS Ferrari

The Taylor Group has acquired 85% of the shares of CVS Ferrari, an Italian manufacturer of mobile container and heavy cargo handling equipment, from NEIP III and BP. CVS operates two plants in Italy and employs 120 people.

- Type: Acquisition
- Announced: 2024-02-05
- Where: Roveleto di Cadeo and Sorbolo, Italy, Italy
- Jobs: 120
- Status: completed
- Capacity: approximately 200 units per year
- Products: reach stackers, high-capacity forklifts, mobile container handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [BP](https://endata.com/companies/1131.md) (partner)
- [Taylor](https://endata.com/companies/11683.md) (acquirer)
- [CVS Ferrari](https://endata.com/companies/27726.md) (target)
- [NEIP III](https://endata.com/companies/75463.md) (investor)
- [NEIP III](https://endata.com/companies/75463.md) (partner)
- [Battioni & Pagani](https://endata.com/companies/75473.md) (investor)
- [SDB](https://endata.com/companies/75474.md) (investor)

## Sources

- [angleadvisors.com](https://www.angleadvisors.com/post/acquisition-of-cvs-ferrari), 2024-02-05: "The Taylor Group of Louisville, Mississippi has acquired eighty-five percent of the shares of CVS Ferrari."
- [portstrategy.com](https://www.portstrategy.com/buyers-guide/taylor-machine-works-inc/the-taylor-group-announces-the-acquisition-of-controlling-shares-of-cvs-ferrari/), 2024-02-06: "The Taylor Group Announces the Acquisition of Controlling Shares of CVS Ferrari"

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