IN D U ST RY N EW S Vinelli & Scotto sold to FERCAM FERCAM has agreed the purchase of FIDI Affiliate Vinelli & Scotto (V&S), based in Venaria, Italy, with a branch in Concorezzo specialised in international removals and relocation. The South Tyrol-based logistics company said the move is designed to strengthen its position in the international moving sector, where it has operated for many years with its brand Gondrand by FERCAM. V&S has won several global awards for its operations, serving clients including multinationals, banks and insurance companies, as well as universities and international and research organisations. The company is owned by Renata and Laura Busettini, CEO and General Manager of the business respectively. They have managed the family business for around 30 years, having taken over from their father, Ottavio, in the 1990s. Our decision is motivated by personal reections, and is strongly dictated by the desire to continue our business together with our trusted collaborators who have considerable expertise in this field, said Laura Busettini. We are a family-run PwC sells off mobility services arm PwC has sold its global mobility tax and immigration services business to Clayton, Dubilier & Rice (CD&R). The PwC business currently assists more than 3,000 multinational customers with overseas staff moves. The deal which some reports have valued at US$2.2bn will create the independent leader in global mobility tax and immigration services for multinational organisations, according to the company. The business will be rebranded and led by CEO Peter Clarke, current global managing partner for global employee mobility at PwC. CD&R partner Russ Fradin, who will become board chairman of the new independent company, said it would be looking to take advantage of growth in global employee mobility as economies and businesses recover from the effects of the pandemic. The return of business travel, emerging mobile work patterns, and the heightened need for compliance in a complex business and regulatory environment will drive signicant need for a globally integrated provider with a sophisticated digital platform, he said. Clarke added: The pandemic proved that global employment issues remain a key challenge for companies, especially as compliance requirements become more complex. Our partnership with CD&R will allow us to accelerate our technology investments to offer what our clients are asking for: an integrated digital experience across the entirety of the talent mobility ecosystem. company, like FERCAM is, and we have values that unite us in our work. Davide Aonso, Head of Transport Italy & Special Services at FERCAM, said: This is a very ambitious project for our removals business unit, which would allow us to make a further qualitative leap in our international activities and relocation. Experience and specialisation are fundamental in this activity. The expertise of Vinelli & Scotto, and the reliability and competence of their employees would constitute a very important additional value for us. BELGIAN MOVERS EXPECT PRICE HIKE The Belgian moving industry says it expects signicant price increases in 2022 because of the rise in costs of materials, fuel and transport. According to a statement by Bertil Durieux, Chairman of the Belgian Association of Removers, companies in the transport sector are warning customers of price rises of 8 per cent, while logistics business are expecting an increase of 9 per cent. He said costs of materials, including moving boxes, tape, bubble wrap as well as tyres, fuel and means of transport (such as trucks), have increased by 10 to 30 per cent. A tighter labour market and sta shortages were also adding to structural increases in costs. Durieux said new rates would be applied from 1 January 2022. Insurance at your fingertips www.reason-global.com 12 FF304 Dec_Jan 22 pp10-15 News.indd 12 Solutions outside the box WW W. F I D I FOC U S . OR G 07/12/2021 15:40