Investindustrial-backed Automation Systems to acquire a 58.35% stake in Piovan, a plastic fabrication company, for €438m. “I am very proud of the growth path taken and the results achieved by the Piovan group from its foundation to today. In recent years, the Piovan group has been able to firmly consolidate its position as one of the leading global players in the development and production of automation systems for manufacturing processes. Today marks the beginning of a new chapter for the future of the Piovan group and its employees, to be written together with Investindustrial, an international partner with a strong entrepreneurial spirit whose vision, values, and focus on sustainability I share,” Nicola Piovan, Piovan Executive Chairman.