Ending 2022 with a group turnover of 8.2 million Euro, Bonfiglioli Consulting – an Italian consulting company based in Bologna – celebrates its first 50 years in business with a new growth plan.
“Reaching half a century in business is already an exceptional achievement for an Italian consulting company that has managed to take on the traits of an international group, with 12 offices on three continents, 7 of which are direct and another 5 representative, making it one of the very few Italian and global players at the same time, in an industry dominated by large multinationals.
We were pioneers of Lean Thinking in Italy,” explained ceo Michele Bonfiglioli. “It was my father, who founded the company in 1973, who imported the Japanese model of total quality management and the method of doing quality typical of German companies in the 1990s. Which we then merged and adapted to the Italian production reality, made up of SMEs, creating our own proprietary method, the Lean World Class. In these 50 years we have been partners in the growth of hundreds of companies. In recent years, we have structured ourselves to be able to support Italian companies operating abroad on site“.
Now the group has set itself the goal of increasing its turnover to 12 million within the next three years. How?
“By continuing the policy of acquisitions (in the 2022 budget, shareholdings amount to 9 percent) and increasingly configuring itself as a group capable of offering a wide range of services, at the centre of which remains the focus on the lean method, a production and management philosophy that eliminates all superfluous things in order to focus on continuous improvement, allowing double-digit productivity increases.
By 2023 – anticipates Michele Bonfiglioli – we will complete the acquisition of 100 percent of the shares in Octagona, a company specialising in internationalisation services, just over a year after the acquisition of 51 percent. For us, this is a fundamental move to remain alongside Italian companies that want to grow in international markets, especially those that want to open production sites abroad as well“.
With Octagona and the other companies of the Group, Bonfiglioli Consulting is now present with over 100 people in the most strategic areas for the development of Italian companies: not only the United States, where at the end of 2021 Bonfiglioli opened 3 offices in Florida, California, and New York, but also India, the country with the greatest economic growth expected in the next decade, where over 30″.