The area around Varese, in the norther part of Lombardy, the region whose capital is Milan, is a sort of foreigner colony.
Many of the companies present there are no more owned by Italian entrepreneurs or shareholders.
Recently Cobra was bought by Blu, a German hedge fund. And this is just the last one of a long list including BTicino, in the switch industry, Ignis who is now known as Whripool, CB Ferrari and much more.
Because this small and medium enterprises can be considered like gold nugget in the present business world. Cobra, to name the last one, is listed at the Italian Stock Exchange market, employs about 450 people and is a market leader in the car antitheft systems.
Germany is a sort of new landlord in this part of Italy, being shareholder of 43 companies, on the podium you can find US (silver medal) with 33 participations and Swiss with 24.
Isn’t this a signal of the quality of Italian companies?
Let's thank Hotel Ungheria, an excellent place to stay while in Varese, for the pictures published in this post