In April 2022, brothers Mirco and Andrea Maschio, C.E.O.s of Maschio Gaspardo and Maschio Holding, respectively, fully took over the control over their family company. In particular, Maschio Gaspardo purchased 132,744 of shares held by regional financial companies, Friulia and Veneto Sviluppo, while the parent company Maschio Holding purchased further 68 326 shares from Veneto Sviluppo.

The purchase of shares, possible due to the reliable financial status in recent years and a positive trend of recent months, supports the Group’s development and establishes foundations for the next stage of its development. Today, the share capital is owned by Maschio Holding (60.35%), Maschio Gaspardo (32.94%) and Friulia (6.71%), because this institutional investor purchased 27,020 shares from Maschio Holding.

Great satisfaction

These operations confirm ‘that the adopted strategy is correct, and we are able to effectively react to current challenges. The achieved objective results from the stable management and work of our employees in various geographical regions,’ explains Luigi De Puppi, Maschio Gaspardo C.E.O.

Mirco Maschio is also happy with the results, as in his opinion ‘transformation towards sustainable agriculture plays a fundamental role in the restart process. Our aim is to combine the long-term profitability with implementation of new technologies and care for the environment, and all this together with our employees’.

‘We have come this far’, adds Andrea Maschio, ‘because we improved the speed of our reaction to market inquiries due to a greater segmentation of the R&D Department and inclusion of new resources. Furthermore, we improved internal processes and invested in digitalisation, as well as in product development, with a particular focus on the equipment design and capacity’.

Successful restart

Andrea and Mirco Maschio purchased 41% Maschio Gaspardo shares in 2015. Since then, the plan for restarting operations has followed a strategy focused on basic operations and initiatives supporting growth. Following a successful 2020, the Group closed 2021 with a turnover of EUR 390 million and a net financial debt below EUR 70 million.

Excellent results are an effect of improving processes within the supply chain, optimising production capacities, reduction in the net current capital, and expansion into international markets. Today, Maschio distributes equipment in 114 countries, and its sales in foreign markets represent 85% of its turnover.

About Maschio-Gaspardo

The MASCHIO GASPARDO Group is a leading international manufacturer of machines and equipment for soil cultivation, sowing, fertilisation, plant protection, maintenance of green areas, and machines for green fodder production. The range of company products includes mulchers, ploughs, subsoilers, equipment for simplified cultivation, tillers, rotary harrows, precision seed drills, seed drills, cultivation and sowing units, fertiliser spreaders, field and orchard sprayers, mowers, and fixed and variable chamber round balers.

The company, with its headquarters in Capodarsego in Italy, was established by Egidio Maschio in 1964. Currently, the production is conducted in 8 factories located in Italy, Romania, China, and India. 13 own representative offices and independent dealer networks/importers in individual countries are responsible for distribution of products all over the world. In 2021, about 1,900 employees of the Maschio Gaspardo Group were responsible for manufacturing and delivering to customers about 70,000 machines and devices.

The Polish representative office of the Maschio Gaspardo Group started its operations in 2005, and is responsible for markets in Poland, Lithuania, Latvia, and Estonia. Apart from commercial and marketing activities, highly specialised professionals support dealers and customers in the daily operation of machines and ensure availability of consumables and spare parts for machines.