Mollo to up investment in green equipment

Photo: Mollo Group

Italian company Mollo Group has said that it intends to increase investment on fleet to €120 million over the next two years, as it aims to hit €150 million in revenue by the end of 2024.

The company said much of the investment will focus on adding hybrid and electric equipment to its Blue & Green range of environmentally friendly equipment that it launched in 2022.

Meanwhile, the company said it intends to continue a number of employee support initiatives, including fuel vouchers, contribution to expenses incurred by employees in the medical, social and recreational fields, and contribution to expenses related to education.

The announcement was made during the 13th Mollo Group Convention in Alba, Italy, where the company revealed a 22% increase in turnover for the 2023 financial year (up to €127 million).

The company also grew its depot network to 57 in the year, including its Manetta Noleggi operation which it gained through the acquisition of Manetta Noleggi. 

For 2024, the company said it will expand its coverage again, adding a further eight depots across Italy. 

Speaking at the Convention, president Mauro Mollo highlighted the company’s growth path since it first moved into the aerial platform rental business in 2000; “I remember that in the first year the turnover was 75 thousand euro (at that time still in lira). In 2009 we opened our tenth rental branch and in 2010 the first company event took place.

“In 2013 the Mollo Academy was born and in 2018 the Service and Logistics Centre in Alba, in Vaccheria, an event that marked a real turning point. 

“Growth in the last two years has also come about through several company acquisitions. The first was Monia Noleggi in Forlì, then Parmiani Noleggi in Valtellina, PMP in Udine, Manetta Noleggi in Teramo, Edilservice in Siena and, last in chronological order, Tecnostrutture in Lodi.”