PVI Group Acquires Majority Stake in Fomeco Group – A Strategic Union Shaping the Future of Tube Solutions for Commercial Vehicles and Industry.

We are proud to announce that the majority of shares in the Fomeco Group — comprising Fomeco NV in Belgium and Fomeco do Brasil Ltda — have been acquired by the PVI Group. This marks a defining milestone in the evolution of both companies. The strategic merger unites two leading industrial players, and we are thrilled about the promising future this partnership unlocks.

Under the terms of the agreement, 70% of the shares in the new parent company PVI Fomeco BV will be acquired by PVI Tube Forming AB, a subsidiary of PVI Industries. The remaining 30% will be reinvested by Vincent Bayart, current owner and CEO of Fomeco.

PVI Industries(PVI Industries) is an industrial group headquartered in Västerås, Sweden, with a turnover of approximately SEK 1.6 billion and 530 employees. Its owner, Per Vannesjö with family, is also the principal shareholder of two similar industrial groups: Inducore AB (Inducore) and AnVa Industries AB (AnVa Industries). Together with these groups — now including the Fomeco Group — the combined turnover exceeds SEK 5 billion, with a total workforce of around 2,200 employees.

Vincent Bayart, CEO of Fomeco, shares his enthusiasm:
"For Fomeco, this merger marks a pivotal step in our journey of growth and long-term
anchoring in an increasingly dynamic global market. We have written an incredible growth
story with our wonderful Team. Today, through this strategic alliance, we are entering a new chapter as part of a major industrial group, allowing us to further expand and strengthen our position.

I chose to partner with the PVI Group because from the very beginning of our discussions, it
was clear that our cultural and professional values were closely aligned. Both organizations share a strong commitment to continuous improvement, long-term vision, and sustainability
— with people and collaboration at the core of everything we do."

The integration of PVI Tube Forming and Fomeco, positions the combined entity among the largest European suppliers of tubular products for commercial vehicles and machine builders. This union not only reinforces our market leadership but also enhances our ability to deliver superior performance, innovation, and value to our customers, partners, and employees.