Strengthening renewables with Fratelli Franchini partnership
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We acquired 60% of the long-standing Rimini-based company, a reference point for technological systems and renewable energy throughout Italy
![News](/documents/1514726/0/Partnership+Hera-Franchini_870.JPG.png/b05bb1c8-970d-f23c-ef4d-a2894b0c9389?t=1688042053000)
Acting through our subsidiary Hera Comm, we finalised the acquisition of 60% of Fratelli Franchini. Based in Rimini, this company has a consolidated experience in the area of designing, installing and providing maintenance of all types of technological systems for companies, public administrations and hospitality facilities. It has been active for over 17 years in producing high-yield renewable energy sources for public and private industrial customers throughout Italy.
The remaining 40% of the company stays in the hands of Franchini Group Srl, owned by brothers Pierpaolo and Marco Franchini, who retain the position of CEOs.
This partnership with a long-standing operator, active both locally and nationally, will enable us to acquire new technical skills, particularly in the photovoltaic market, expand its portfolio of solutions for business customers, and respond to the growing demand for systems based on renewable sources, further strengthening its position in the Italian energy market.
The details of the partnership
Fratelli Franchini boasts over half a century of activity in the system engineering sector: since 1959 it has been building technological systems and since 2006 it has also been working in the renewable energy sector, developing projects for business clients in the hotel, port, hospital, industrial, retail and museum sectors. This company is the partner of choice for clients in the industrial sector, both public and private, to whom it is able to offer integrated solutions in all phases necessary for installing and maintaining of electrical, mechanical, large-scale photovoltaic and energy efficiency systems. It has installed more than 300 systems over the years.
This operation boosts our ability to support our customers along the path to decarbonisation, including through the installation of photovoltaic generation systems, from traditional photovoltaic panel systems to new distributed power generation models such as Renewable Energy Communities.
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Java method "static it.reply.open.hera.template.custom.service.WidgetTemplateTool.getDateFormattedBy(String, String, Locale)" threw an exception; see cause exception in the Java stack trace. ---- FTL stack trace ("~" means nesting-related): - Failed at: publishDate = hera_template_tool.getD... [in template "20099#20135#57725658" at line 73, column 13] ----
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