March 13, 2017 - Bonfiglioli Consulting, a consulting firm specializing in the Lean Thinking and Lean World Class® management approach, and Octagona, a consulting firm specializing in the implementation of internationalization processes, announce that they have signed an agreement for Bonfiglioli Consulting to acquire a minority stake equal to 10% in Octagona. With this agreement, shared resources increase to 80 professionals and the two companies" worldwide principals become nine:Bologna, Milan, Padua, Carpi, New Delhi, Bangalore (India), Hanoi, Ho Chi Minh City (Vietnam) and Belo Horizonte (Brazil).
This is a win-win deal for both parties: Bonfiglioli Consulting, having already embarked on a path of growth across borders in 2008 by joining the international consulting network Cordence Worldwide, strengthens its position in international markets with the aim of further increasing its turnover from abroad, which to date reaches 40% of the total. Octagona, for its part, increases its already significant presence domestically, while also acquiring the know-how and experience of one of the few entirely Italian consulting firms focused on the Lean Thinking management approach.
”We have already been collaborating with Octagona for a few years now,“ emphasizes Michele Bonfiglioli, CEO of Bonfiglioli Consulting, ”and this harmony has led us to join forces in order to have a greater impact in an increasingly globalized and connected market. The alliance with Octagona marks a further step towards the goal of becoming Italy's leading international consulting company, thanks to organic growth that is taking place both by internal line, leveraging existing and available resources in the company that this year consolidates growth to 7mln euros, and by external line through acquisitions or agreements."
"The strong synergy with Bonfiglioli Consulting," adds Alessandro Fichera, CEO of Octagona, "stems from common roots and a strong vision that puts the modern enterprise on an increasingly methodical path. Our clients need to improve their organization more and more every day in order to ensure solid performance in international markets. Hence the combination of lean thinking, innovation and internationalization becomes a key driver to win within a highly competitive as well as complex environment. Today, we are ready to accompany our clients in their global challenges with greater expertise."
The agreement between Bonfiglioli and Octagona goes precisely in this direction, that is, supporting companies that want to seize the opportunities of globalization. In addition to the acquisition (by capital increase) of a minority stake in Octagona by Bonfiglioli Consulting, the partnership provides for the sharing of all the offices of the two companies, the sharing of development programs on mutual clients, a path of managerial integration between the two consulting platforms, and support for the international development of Bonfiglioli Consulting, thanks to Octagona's foreign facilities.
