Polytec buys 51% of Italy's Green Project to bolster steel traceability
What's the deal? PolytecDealroom has a profile for this one. Try Dealroom →, part of BM GroupDealroom has a profile for this one. Try Dealroom →, has acquired a 51% stake in Green Project Marking & Reading Systems S.r.l.Dealroom has a profile for this one. Try Dealroom →, an Italian company that develops marking, automatic identification, and traceability systems for the steel industry. The deal, announced in September 2026, gives Polytec majority control. Terms were not disclosed.
Who's involved? Green ProjectDealroom has a profile for this one. Try Dealroom →, based in Genoa, builds systems that track and identify products across steel plants. Polytec specialises in industrial robotics, process automation, machine vision, and plant digitalisation.
What's the endgame? Polytec plans to fold Green Project's traceability systems into its own automation and digitalisation stack. "Green Project brings distinctive expertise and in-depth knowledge of the steel industry to the Group, which naturally complement our capabilities in robotics, automation and digitalization," said Mirko Bottini, chairman of BM Group.
What changes? Green Project keeps its own brand and its Genoa headquarters, while gaining access to Polytec's resources and international reach. "Our goal is to combine our experience to develop new solutions and address the challenges of an ever-evolving steel industry even more effectively," said Marco Podestà, a Green Project shareholder.
The signal: The deal reflects steel automation suppliers moving to bundle robotics, machine vision, and traceability into single offerings, as producers push to digitalise plants end to end.
Read more: aist.org
Image credit: Steve Fareham
