Strategic partnership with Promostar
On the 20th of February 2025, MEP, portfolio company of Wise Equity and global leader manufacturing machinery for processing rebar used in reinforced concrete, has strengthened its strategic partnership with Promostar by acquiring its majority stake. Promostar is an Italian excellence, specialized in the production of plants for cold processing of steel wire and rods, serving major steel groups worldwide.
Together, MEP and Promostar will further enhance their market-leading position, leveraging their management teams’ decades of industry experience.
Congratulations to the MEP and Wise Equity teams, especially Paolo Schneider Savio, Christian Leschiutta, Giancarlo Sam, Alessio Riccioni, Edoardo Vaghi, and Fabrizio Medea.