Automation Systems, a company controlled by Investindustrial VIII SCSp, launched a mandatory public offer aimed at acquiring all the ordinary shares of Piovan.

Piovan is a company that develops automated systems for storage, transport and treatment of polymers, plastic powders and food.

Vitale (IMAP Italy) assisted the Independent Directors and the Board of Directors of Piovan in the transaction , as an independent financial advisor for the purposes of drafting a Fairness Opinion regarding the appropriateness, from a financial point of view, of the consideration proposed by the offeror.