Fusioni & Acquisizioni

💰 MARR SpA completed the acquisition of Bergel+ Srl, a Lombard foodservice distributor. Bergel, operational since 1990, served over 1,500 clients in 2025 with €25 million in revenue. The acquisition, valued at €4.7 million, strengthens MARR's presence in Lombardy, Italy's top region for out-of-home food consumption. Payment is in three installments, with the final due by April 2, 2027. Bergel will temporarily operate from its Zanica site, integrating into MARR's Bottanuco distribution center.

💰 Alpitour World aims for a stock market debut by 2027. The company is selecting banks to initiate the process, alongside Chiorino and Vianova, both part of Giovanni Tamburi's group. Alpitour operates 25 hotels, including eight five-star properties, and owns Neos airline. It reported €2.5 billion in revenue and over €160 million EBITDA, with a potential market valuation of €1.5 billion, bolstered by €500 million worth of real estate.

💸 BiHoliday wrapped up 2025 with a revenue of €34.5 million, marking a 13% increase from 2024, exceeding expectations. This growth, surpassing sector averages, was driven by their robust model in Veneto and the Adriatic, blending villages, a food company, and a tour operator. CEO Maurizio Biasuzzi emphasized evolving while maintaining identity. The growth plan includes enhancing Caorle and Fazana villages, focusing on efficient spaces, services, and processes, reinforcing a commitment to quality, innovation, and human value.

🍪 Illva Saronno Holding, leader in the alcoholic beverage industry, acquired 100% of Delite Srl through its subsidiary Disaronno Ingredients. Founded in 2007, Delite Srl specializes in semi-finished products for gelato and pastry. This acquisition aligns with the DIS (Disaronno Ingredients System) project, aiming to strengthen national distribution. Disaronno Ingredients continues to focus on innovation and excellence in service, enhancing its portfolio in the gelateria and pastry sectors.

🛫 Flix acquires a majority stake in Flibco, an airport shuttle service based in Luxembourg, previously owned by SLG. Flibco operates in seven countries. André Schwämmlein, Flix’s CEO, sees this as a strategic expansion into airport transport. SLG remains a major shareholder. Flibco will continue under CEO Tobias Stüber, with plans for international expansion leveraging Flix’s global network. Marc Sales of SLG emphasizes shared goals in mobility innovation. Flibco’s operations remain unchanged post-acquisition.

📈 Damilano Gruppo, based in Moncalieri, has acquired Morra, a Piemontese beverage distribution company, enhancing its presence in the Horeca channel. This strategic acquisition strengthens Damilano's role as a multisector holding by integrating production and distribution in mineral waters, wine, and catering. The group anticipates a revenue of approximately €120 million, marking significant growth. The acquisition signals potential future expansions in the mineral water, wine, and distribution sectors.

🏠 a&o Hostels acquires two centrally located hotels in Manchester on Portland and Dickinson Streets. Worth £8.2 million, this expansion adds to their 30,000-bed portfolio and is part of a €500 million investment program. The 13,000 sqm properties, previously Ibis and Novotel, will offer 1,218 beds across 303 rooms by Q1 2027. Manchester, with 1.9 million visitors annually, is a strategic UK market. a&o now operates 44 properties in 10 European countries.

📈 Puratos Italia formed a strategic joint venture with Cascarano Vincenzo S.r.l. in Capurso on December 23, 2025, creating Puratos Cascarano. This alliance enhances Puratos's presence in Puglia and Basilicata, part of a national expansion begun in 2023. This includes deals with Rossetto Srl and Finardi Dario. The group's revenue is now €145 million, with plans to double by 2030. Vincenzo Cascarano becomes general manager, reflecting a 30-year collaboration and a shared growth vision.

💰 Millennium Hotels & Resorts and Indian Hotels Company Limited partnered globally, merging MyMillennium and Taj InnerCircle by NeuPass loyalty programs. Members can earn and redeem points across 190+ hotels in Europe, Asia, Middle East, and Americas, enhancing travel options. This unified experience offers upgrades, free services, and exclusive events at Taj, Vivanta, SeleQtions, The Gateway, and Millennium brands. The partnership strengthens IHCL in India/Southeast Asia and Millennium in Europe/North America, boosting competitiveness.

📅 September, Rome – Big Bus acquired Touristation, creating an integrated tourism model with guided tours, immersive tech, and gastronomic experiences. This new platform enables real-time tour combinations, optimizing visits. Gianluca Ponzio of Big Bus Tours Roma highlights this as a business model shift, while Raffaella Scarano of Touristation emphasizes global network benefits. This innovative hub, operational since September, caters to diverse travelers, offering seamless exploration and mobility solutions.