March 13, 2017 – Bonfiglioli Consulting, a consulting firm specializing in the Lean Thinking and Lean World Class® management approaches, 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 of 10% in Octagona. With this agreement, the combined workforce grows to 80 professionals, and the two companies now have nine offices worldwide: Bologna, Milan, Padua, Carpi, New Delhi, Bangalore (India), Hanoi, Ho Chi Minh City (Vietnam), and Belo Horizonte (Brazil).
This is a mutually beneficial agreement: Bonfiglioli Consulting, having already embarked on a path of cross-border growth in 2008 by joining the international consulting network Cordence Worldwide, strengthens its position in international markets with the goal of further increasing its revenue from abroad, which currently accounts for 40% of the total. Octagona, for its part, is expanding its already significant national presence while also acquiring the know-how and experience of one of the few wholly Italian consulting firms focused on the Lean Thinking management approach.
“We’ve been collaborating with Octagona for several years now,” emphasizes Michele Bonfiglioli, CEO of Bonfiglioli Consulting, “and this shared vision has led us to join forces to make a greater impact in an increasingly globalized and connected market. The alliance with Octagona marks another step forward toward our goal of becoming the leading Italian international consulting firm, thanks to organic growth that is taking place both internally—by leveraging existing and available company resources, which this year have consolidated growth to 7 million euros—and externally through acquisitions or agreements.”
"The strong synergy with Bonfiglioli Consulting," adds Alessandro Fichera, CEO of Octagona, "stems from shared roots and a strong vision that positions the modern enterprise on an increasingly methodical path. Our clients need to continuously improve their organization in order to ensure solid performance in international markets. Thus, the combination of lean thinking, innovation, and internationalization becomes a key driver for success in a context that is as highly competitive as it is complex. Today, we are ready to support our clients in their global challenges with even greater expertise."
The agreement between Bonfiglioli and Octagona is precisely aimed at this goal: supporting companies that want to capitalize on the opportunities of globalization. In addition to Bonfiglioli Consulting’s acquisition (via a capital increase) of a minority stake in Octagona, the partnership involves the sharing of all two companies" offices, the sharing of development programs for mutual clients, a process of managerial integration between the two consulting platforms, and support for Bonfiglioli Consulting’s international expansion through Octagona’s overseas operations.
ai translated