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Calearo Antenne, with Fondo Gid 7.5 million euros for relaunch and new markets

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The loan granted to the Venetian company Calearo Antenne is of 7.5 million euros thanks to the Gid Fund (Large enterprises in difficulty), to support, with its relaunch plan, expansion into new markets and greater production efficiency and organizational. Managed by Invitalia and set up by the Ministry of Economic Development, the Fund is intended for large companies in difficulty after the pandemic and provides subsidized 5-year loans. Calearo is among the European leaders in the production of antennas and components for the automotive market and for other high-tech sectors and has among its customers all the main vehicle manufacturers in Europe. The company has its own factories in Isola Vicentina (Vicenza) and operates internationally managing, through its subsidiaries, 3 production sites in Italy, Tunisia and Slovakia and 3 logistics centers (United States, India and China) for the supply to customers from other continents. It employs over 900 people at group level and the relaunch project will lead to an increase in the workforce of around 20%. A story, that of Calearo Antenne, which begins in 1957, when it was created by the founding partners Alessio Calearo and Lucia Ciman, to initially create bells for bicycles, as the president, Massimo Calearo tells: “The Calearo was born 65 years ago and from 1960 makes antennas for the automotive system. She left with my father and mother making bicycle bells and then we went into the car and the antennas. Today we are among the first groups in Europe, we have 28 automotive industries and we are truly technologically very advanced “. The intervention of the Gid Fund will make available resources to devote to the development plan, which provides for the entry into new markets (nautical, railway, military and aerospace), further growth in extra-European markets (in particular the United States, the Middle and Far East) and an optimization of the management, logistics and production model through the strengthening of automation levels. The resources of the Gid Fund will also be used to strengthen the Calearo Research Center, a laboratory of excellence in the field of radio frequencies and transmissions, inaugurated in 2005, which houses a team of highly specialized research doctors, engineers, physicists and technicians. Thanks to the focus on research and development, the company will be able to consolidate its position as a technology leader in the sector, focusing more and more on high value-added offering segments, a support that comes after two very difficult years for the sector. “The automotive world, as everyone knows, has had a big crisis. We have been hit first by the pandemic, then by the lack of chips, lately by the war. And Invitalia helped us, because we have tried and are trying to diversify our production and to do this we have a very strong project. Our technology is at the forefront and from the automotive world we want to go to neighboring worlds, such as trains, yachts, the aeronautical sector and the track sector. With Gid, Invitalia has been close to us, has approved our plan and has been of help to us ”, remarks Calearo. And the relationship with Invitalia and the public-private synergy have been very positive for the company. “I would say that here Invitalia really scored ‘goals’, in the sense that, with his help, thanks to the Gid project, he showed us something else. We have seen a public company that operates like the private one, very prepared, not very bureaucratic, very attentive to the customer. So, I would say: having some of Invitalia like this in our country ”, concludes Calearo.

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