Steliau Technology, leading Pan European player specialized in value-added supply as electronic solutions provider, significantly broadens its Italian operations with the acquisition of the company Welt Electronic SpA based in Florence. This acquisition adds an important strategic pillar and is fully consistent with Steliau Technology’s strategic plan to expand throughout Europe. With the acquisition of Welt Electronic, Steliau, which closed 2023 with nearly €200m in sales, adds an additional €30m in revenue.
Welt Electronic has a staff of around 60 people. The rationale for the acquisition stands in the strong Value-Added product range complementarity solutions: Welt Electronic brings its Leading positions in Lighting solutions, Industrial market, and Thermal Converting solutions with a dedicated digital cut production site to serve any kind of specific customer and market requirement. This investment in local expertise and know-how confirms Steliau’s ambition to stand out from global approaches by promoting responsiveness and agility.
Riccardo Rabatti, Pietro Dho and Giuseppina Marotta Directors of Welt Electronic SpA, will remain in charge and they are working alongside Steliau Italy’s management to coordinate the implementation of the synergies of offers and services made possible by this new project.
“We quickly spotted Welt Electronic as a company matching our requirements in terms of critical size, complementarity between our product ranges, and culture of designing value-added solutions.” explained Massimo Loche, CEO of Steliau Technology Italy. “We shall generate top line synergies by sharing with Welt Electronic our know-how in the areas of Display & Touch Panel, Connectivity, Power solutions, full Embedded system solutions and Thermal converting.”
Pascal Reynoud, Steliau Group CEO: “I am particularly proud of the achievements of Welt Electronic team. They made decisive contributions to turn Steliau Technology into a Leader player in the Italian market. I am confident about the future development of the company, which shares a common vision with Steliau Technology on the ways to address its clients’ needs, through the design of value-added and tailored solutions for its customers. Welt is the perfect illustration of an acquisition that will generate two-way synergies and give the Group an even stronger industrial position.”
Riccardo Rabatti, Managing Director of Welt Electronic, added: “I’m excited to be part of the Steliau Technology Family, and contribute to accelerate the growth plan of Steliau Group, through our proven competence, market knowledge and passion. We have a huge number of development opportunities for the coming years, with extended suppliers’ networks and the potential to launch new value-added activities.”
Founded in the 1990s, STELIAU Technology Group is a value-added distributor and supplier of electronic solutions in the European electronics market, specializing mainly in the following activities: Human-Machine Interfaces, Display, Connectivity (IoT, M2M, Positioning), Mechatronics, Embedded Systems, OEM/ODM, Heat dissipation solutions, Energy conversion, etc. The Group boasts an established reputation in its market and long-standing relationships with its customers. Its suppliers/partners are global players, often leaders in their market segments, all offering top-quality products that combine durability and performance. Its experienced sales teams enable the Group to be assimilated into the sales force of the manufacturers it represents in Europe.
STELIAU Technology Group combines its territorial expansion in Europe with its commitment to local service, personalized support, and regional integration sites. With +350 suppliers represented, STELIAU Technology offers a wide range of products and specific solutions to more than +2,000 customers in various industries such as Industrial applications, Consumer & Home Appliances, EMobility & Green Energy, Automotive, Space / Aero, Medical, Transport, etc.
Since 2016, the Group has embarked on an external growth strategy and made several significant acquisitions in Europe, enabling it to become one of the leaders in integrated electronic solutions.
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Founded in 1985, Welt Electronic is a distributor of both standard and customized lighting and industrial electronic components (Optoelectronics, Interconnection, Thermal & EMC Management, Electromechanical, Passive, Active). The company is based in Florence (Italy) and employs c.55 employees. The company also has over 1,000 active customers and +70 partners
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To enhance the jungle-inspired ambiance, the owners of Velona’s Jungle have collaborated with Bronzetto to customize lamps from the Eclectic Collection which takes inspiration directly from the nature with castings that faithfully reproduce in brass the characteristics that nature assigns to each plant or animal.
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