Milan, January 28, 2015 – Avvalor M&A

 

Italian companies Italpresse Industries S.p.A. and its subsidiary Gauss Automation S.r.l. were acquired by the German investment fund Auctus Capital Partners AG.

 

Italpresse, founded in 1969, produces machines for aluminum die casting  exported all over the world and in 2014 had revenues of 72 million euro, while Gauss Automation, founded in 1967 and specialized in providing work islands for aluminum gravity casting, had revenues of 15 million.

 

The signing of the agreement, subject to approval by the Antitrust Authority, will follow in the coming weeks to tranfer the majority stake held by Industrie Saleri Italo spa, based in Lumezzane, Brescia and the remaining 37.5% held by other shareholders.

Objective of the sale is to ensure to the companies a corporate structure capable of addressing the growing complexity of market globalization; to enhance the competitiveness of both companies, increasing their strength and consolidating their business history: the choice of Auctus, which has already invested successfully in StrikoWestofen, a leading manufacturer of ovens, goes in this direction.

 

Auctus signed with Italpresse a twelve years lease for  the factory in Capriano del Colle, confirming the continuity in operations planned by the new industrial property.

 

Avvalor Corporate Solutions – Financial Advisor – and Studio Pirola Pennuto Zei & Associati – law firm for legal and tax advice, assisted the Saleri Group during the operation.

 

Avvalor is Partner Equity Markets of Borsa Italiana - Elite program


Avvalor is member of M&A WorldWide Network

Avvalor Corporate Solutions srl
Via Soperga 10 - 20127 Milano - Italy
P. Iva e CF: 06692480962
tel.: (+39) 02 87 24 25 00
mailto:info@avvalor.com