Octagona and Bonfiglioli Consulting come toghether to create the first international Italian consulting firm
The signed agreement provides the entry of Bonfiglioli Consulting in the share capital of Octagona
Octagona, consulting company specialized in the implementation of internationalization process, and Bonfiglioli Consulting, consulting company specialized in Lean Thinking and Lean World Class® managerial approach, announced to have signed an agreement for the acquisition by Bonfiglioli Consulting of a minority stake of 10% of Octagona. Through this agreement, the common resources increase to 80 professionals and the locations of the two companies around the world become nine: Carpi, Bologna, Milan, Padua (Italy), New Delhi, Bangalore (India), Hanoi, Ho Chi Minh City (Viet Nam) and Belo Horizonte (Brazil).
It is a mutually beneficial agreement for both parties: Bonfiglioli Consulting, having already undertaken a process of expansion abroad, entering in the international network consulting of Cordence Worldwide, strengthens its position in the international markets with the aim to increase further its turnover from foreign markets, which currently reaches 40% of the total; Octagona, from its side, reinforces its presence at the national level, acquiring knowledge and experience from one of the few Italian consulting firm based on Lean Thinking managerial approach.
“Since some years ago we are collaborating with Octagona – highlight Michele Bonfiglioli, Managing Director of Bonfiglioli Consulting – and this harmony has led us to combine forces in order to have a greater impact in an increasingly and connected globalized market. The alliance with Octagona marks a further step forward with the objective to become the first international Italian consulting company, due to an organic growth that is taking place both inside, by leveraging from existing available resources that this year amount to 7 mln Euro, and outside through acquisitions or agreements”.
“The strong synergy with Bonfiglioli Consulting- adds Alessandro Fichera, Managing Director of Octagona – stems from common roots and a strong vision that places the modern enterprise faced even more to a methodic path. Our customers need to improve day by day their organization in order to ensure tough performance in the international markets. Hence, the combination of lean thinking, innovation and internationalization become a key driver to win in a complex and highly competitive environment. Today we are ready to accompany our customers in their global challenges, with more specific skills”.
The agreement between Bonfiglioli and Octagona goes in that direction, namely to support enterprises that want to gather the globalization opportunities. The partnership includes, further the acquisition (for capital increase) of a minority stake of 10% of Octagona, the sharing of two companies locations, the sharing of development programs on mutual customers, a management integration process between the two advisory platforms and the support to the international development of Bonfiglioli Consulting thanks to Octagona’s foreign structures.
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