Fives completed the acquisition of Pietro Carnaghi.

Fives, a global company in industrial engineering, completed the acquisition of Pietro Carnaghi, a manufacturer of machine tools specializing in large-scale machining solutions. Financial terms were not disclosed. “This transaction reinforces Pietro Carnaghi’s ability to maintain ongoing activities and honor existing contractual commitments, ensuring consistent and high-quality presence in the market,” Giuliano Radice, Pietro Carnaghi Chairman.