Navest takes over Clean Service and aims for 250 million revenues within two years
The group, operating in the facility management, energy and construction sectors, has acquired 85% of the Emilia-based company's capital
3' min read
3' min read
Navest, one of Italy's leading companies operating in the facility management, energy and construction sectors, has signed an agreement to purchase 85% of the share capital of Clean Service, a reference company in Emilia-Romagna for cleaning services in the industrial and environmental services sector, with headquarters in Reggio Emilia and operating offices in Parma, Modena, Cesena, Piacenza and Mantua.
Founded in 1997 by Gianfranco Lusuardi, Clean Service is a regionally established family business with over 100 active private customers and more than 800 employees, with a turnover that has been growing steadily in recent years and is estimated to be around EUR 30 million by the end of 2025. The current managing director, Antonio Morini, will remain a minority shareholder with the remaining 15% of the shares and will join the company's board.
Navest's development plan
.The transaction marks a significant step in the growth path of Navest, which in 2024 recorded aggregate net revenues in excess of EUR 142 million (+26% on 2023) and aims to reach EUR 250 million in revenues by 2027, through a business plan focused on strategic industrial synergies, innovation and sustainability. With the acquisition of control of the company Clean Service, the Navest Group thus plans to surpass the €170 million net revenue threshold in 2025.
"The entry of Clean Service into the Navest Group represents a fundamental step in our growth path: it is in fact a truly strategic operation that allows us to further expand the group's range of services, including specific cleaning activities for the food sector, as well as environmental services," said Giuseppe Alesso, Navest's CEO and General Manager.
The business plan envisages reaching EUR 250 million in revenues in 2027, a target that, explains Alesso, 'we are trying to anticipate by one year, with a horizon therefore to 2026, on the strength of the new business model that we have recently defined, which positions us among the first operators in the sector able to propose an innovative approach to the market, based on ESG criteria and aligned with the objectives of the UN's Agenda 2030. Our aim is to present ourselves as a strategic partner for our clients'.
