Gewiss expects revenues of 830 million in 2025 and prepares new acquisitions

What in the initial intentions was to be a goal, today appears only as a passage: five years ago the Bosatelli family, 100% owners of Gewiss, entrusted the group's CEO Paolo Cervini with the task of evolving the company from a strongly entrepreneurial reality to a highly managerial one. The vision of Fabio Bosatelli, today chairman of the Bergamo-based group, was based (and is still based) on a model that he himself dubbed Minds, or the acronym for the four fundamental levers to achieve the company's transformation and develop its full potential: managerialisation, internationalisation, digitalisation and sustainability. The hypothesised goal was to reach EUR 1 billion in turnover and EUR 1.5 billion in Enterprise Value by 2027. A goal that is now confirmed, which is now, however, only seen as a step, as mentioned, towards further development.

"The company was already solid and profitable at that time, but the growth in these five years, especially in terms of valorisation, has been impressive," explains CEO Cervini. Thanks to a strategy based on integrated organic evolution and targeted acquisitions, the Gewiss group has gone from around 300 million in revenues in 2020 to a consolidated 820 million in 2024, an 'extraordinary' year, as Cervini himself defines it, which in addition to bringing further performance records like the previous five years, also saw the acquisition of 100% of Beghelli (finalised in March 2025), a historic Italian brand specialising in emergency lighting and security solutions, the most important of the six transactions finalised by Gewiss in just 30 months, which have seen the company integrate realities such as Performance in Lighting, Pulsar Engineering, Tvilight, Elmet and Verde21 into its portfolio, in addition to Beghelli.

Today, Gewiss, with 3,300 employees and a presence in over 100 countries through 15 production sites (seven of which are in Italy) and 52 operating companies, offers the market solutions and services for home & building automation, energy protection and distribution, electric mobility and intelligent lighting. In a logic, explains Cervini, increasingly oriented towards proposing services and solutions, and not just the product. From 2020 to today, Ebitda has grown by 123% (110.2 million in 2024), turnover has increased by 97%, and net profit has risen by 235%, reaching 75 million euros, an all-time high for the group. Forecasts for 2025, a year that is certainly not easy, also indicate a further increase: turnover is expected to exceed EUR 830 million and Ebitda is expected to be over EUR 125 million.

"These results confirm the validity of our strategy, on which we discuss almost daily with President Bosatelli," says Cervini, who recalls the great work done in recent years along three main assets, with the aim of becoming a globally recognised 'project partner' for its clients. The first asset is geographical in nature and has seen a strengthening in key markets, divided into five main clusters: Italy (which accounts for 50% of total revenues), Western Europe and the Americas, German-speaking countries, Northern Europe, and high-growth countries (such as the Middle East, Australia and some Asian markets). The second asset is technological and has seen significant investments in digitisation in all five of the group's business units (installation, building, energy, mobility and lighting). The last asset is multichannel: the historical sales channel, the distribution of individual products, has been joined by the Oem channel, aimed at industry, the large projects channel and the large-scale distribution channel.

"We have also invested in sustainability, reducing direct CO2 emissions by 24% and energy consumption by 14%," adds Cervini, recalling the commitment of Gewiss and its companies to ESG. Direct investment in R&D is around 4-5% of annual turnover.