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The transaction will accelerate Telme’s growth phase with the aim of creating a national hub for ice cream and pastry machines
Milan, 29 October 2025 – Pirola Corporate Finance assisted Telme’s shareholders in the sale to the F4 holding company, which is supported by Equity Factory and headed by the Faelli family, a historic family from the Lodi area active in the world of industry and engineering through the company Tecnim.
The transaction is part of a new strategy to create an independent national player in the ice cream and pastry sector, capable of acting as a hub in a growing industry.
Telme S.p.A. has been operating since 1987 in Codogno (LO) and is a leading manufacturer of medium-sized machines and complete lines for pastry shops, ice cream parlors, bars, restaurants, and hotels, also offering technical assistance and spare parts supply services. The company generates 85% of its turnover abroad, operating in over 80 countries through a widespread global sales network. Telme, which has always been attentive to customer needs and technical-industrial innovation, has recently developed a new range of soft yogurt machines, which is set to be one of its flagship products for the coming years.
The company, which has around 40 employees, recorded a turnover of more than €11 million in 2024.
F4 is the industrial holding company of the Faelli family, a historic entrepreneurial family from Lodi who founded Tecnim in 1982, a company specializing in the design, construction, and maintenance of industrial plants for the Oil & Gas, Power Generation, Chemical Plants, Iron & Steel Plants, Gas and Oil Pipelines, and Waste Treatment Plants sectors.
Michele Bartyan, CEO of Telme and president of the national trade association Acomag (National Association of Manufacturers of Ice Cream Machines, Equipment, and Furnishings), comments: “We are very pleased with this transaction, which represents an important step in Telme’s history. The entry of the Faelli family will further strengthen our ability to innovate and grow in international markets, while at the same time enhancing the skills and experience gained in almost forty years of activity. The prospect of contributing to the creation of an independent national hub in the ice cream and pastry sector is a source of great pride for us and an incentive to continue the technological and qualitative development that has always distinguished the Telme brand.”
Luca Faelli, Director of Tecnim and F4, commented on the transaction: “We are excited to become part of the history of Telme, a company that stands out for its innovation, quality, and strong international presence. This acquisition represents a strategic opportunity for us to enter the food sector, focusing on dynamic and growing segments such as ice cream and pastries. We share Telme’s values of technological excellence and customer focus, and we are ready to make our industrial expertise available to support an ambitious project of growth and consolidation at the national level.”
Pirola Corporate Finance assisted Telme’s shareholders in relation to the negotiation and commercial aspects and provided direct support in the preparation and coordination of due diligence activities with a team coordinated by Ludovico Mantovani (founding partner), Marco Gregorini (managing director), Andrea Ancarani (Associate Director), and Sabino Fortunato (Analyst). With this transaction, Pirola Corporate Finance confirms its specialization in the industrial automation sector, following transactions involving EMS, Turatti, ICF Welko, Teknoice, Pama, Escher Mixers, FBL, TMCI Padovan, Bondani, Frigomat, and Acmi.
Bonelli Erede, with partner Monica Iacoviello and Francesca Peruzzi (Managing Associate), advised Telme’s shareholders on the legal aspects of the transaction.
Equity Factory, an M&A advisor based in Milan, assisted F4 in negotiating the transaction with its partner Guidalberto Gagliardi.
The Accinni & Associati law firm, with partner Paola Cigolini and associate Francesca Protopapa, assisted F4 with legal due diligence and the preparation and negotiation of contracts for the transaction.
LawaL Legal & Tax Advisory, with a team led by Partner Mauro Raffaghelli, assisted F4 Holding with the labor law aspects of the transaction, also performing labor due diligence for the buyers.