Pietro Fiorentini, founded in Bologna in 1940, is one of the major industrial companies in the North East of Italy, with headquarters in Arcugnano (Vicenza). The Group has around 30 locations amongst its manufacturing and commercial sites, both in Italy and abroad, and employs around 2,400 people worldwide. In 2021 it reached a turnover of EUR 466 million, 17% higher than in 2020. The Group has a solid customer base including natural gas distribution and transmission companies, Oil & Gas companies, EPC, utilities and industrial end-users, which recognize its absolute standing in terms of product and process innovation. At the core of the company's production is a wide range of technologically advanced solutions all along the natural gas system: from components and services for transmission and distribution networks, to a series of engineered systems that include valves, multi-phase meters, process plants, reducing and metering systems. In the last ten years the company has made significant investments in R&D, M&A, plants and production means, which have led to a leadership position in the Smart Metering sector and more generally in Smart Grids, offering integrated end-to-end solutions thanks to the unique combination of the most sophisticated mechanical and electronic skills with the software solutions provided by the subsidiary Terranova, a company that employs more than 350 people. In the context of the energy transition process, the company has enhanced its efforts to seize the new opportunities related to green energy sources such as biomethane, hydrogen and power to gas. More recently, the Group is expanding its horizons towards water metering, water cycle digitalization and in the environmental sector.