Mep accelerates in Asia-Pacific: Machinery Indents acquired, Mep Australasia born
The group controlled by Wise Equity takes over the historic exclusive agent in Oceania and turns a long-standing partnership into a direct presence
Mep puts another building block in its international growth strategy and strengthens its direct presence in Asia-Pacific. The Udine-based group, controlled by Wise Equity in partnership with Giorgio Del Fabro and active globally in steel rebar processing machinery for concrete reinforcement, has acquired Machinery Indents, a Melbourne-based company and the group's long-standing exclusive agent in Oceania. Mep Australasia was born from the operation.
The transition is not just a corporate one. Mep transforms a long-standing partnership into a direct presence in an area considered to have high potential, driven by infrastructure investments and a growing demand for industrial automation. The acquisition will allow the group to manage its own sales, technical support and after-sales activities, with the aim of strengthening proximity to local customers.
Machinery Indents, specialising in the distribution of reinforcing steel processing machinery and after-sales service, will maintain continuity of operations. Founders David Binetti, Frank Eramo and John Fede will accompany the handover.
For Mep, this is the second add-on investment since Wise Equity became the majority shareholder in January 2024. A move consistent with the internationalisation path of a group founded in 1966 by Remigio Del Fabro, today present with exports to over 70 countries.
"We are very pleased with this important step, which transforms a historic partnership into a direct Group presence in Australia and Asia Pacific. Machinery Indents has been a key partner for the development of our business in the region for years: they know the local market, customers and industry dynamics intimately. We are confident that, under the banner of Mep Australasia, we will be able to offer an even more comprehensive and competitive service to our valued customers," said Paolo Schneider Savio, CEO of the Mep Group, Christian Leschiutta, general manager, and Giancarlo Sam, cfo.
