Interpump Group has signed a binding agreement to acquire an 80% controlling stake in Servizi Industriali Srl, an Italian company operating in the design, production and sale of Macfuge centrifugal separators.
Macfuge systems are used for separation and clarification in the food, chemical and pharmaceutical industries, as well as in the energy sector.
Servizi Industriali, which is headquartered in Ozzano Emilia near Bologna, had sales of E7.7 million in FY2019, up 40% on 2018, and an EBITDA margin close to 22%.
Interpump Group chairman Fulvio Montipò said: “With this acquisition, we add an important tile to our range of fluid handling systems and components, where demand is rapidly growing thanks to the higher and higher attention to environmental impact.”
The transaction is expected to close by July 2020. Servizi Industriali management will hold the remaining 20%.