SIT S.p.a. has acquired Janz CGF S.A.
SIT S.p.A. has completed the acquisition of 100% of Janz-Contagem e Gestão de Fluídos S.A. (Janz), a consolidated Portuguese player specialized in manufacturing residential water meters. The price, excluding cash and debt, amounts to US$34.3 million. An earnout of up to US$1 million is also stipulated on the basis of achieving certain targets in 2021.
SIT is a multinational listed on the Italian Stock Exchange which, through its Heating and Smart Gas Metering divisions, creates intelligent solutions for the control of environmental conditions and consumption measurement.
Janz is a consolidated European manufacturer and distributor of residential volumetric water meters. It develops a wide range of mechanical meters and particularly excels in volumetric metrological technology, used not only in its own meters, but also in those supplied to the leading operators in the sector.
Oaklins’ teams in Italy and Portugal advised the buyer throughout the acquisition process.
Federico De Stefani
CEO and Chairman, SIT S.p.a.
Contáctese con el equipo de la transacción
Transacciones relacionadas
Jeco Energies has sold a significant minority interest to NPM Capital
NPM Capital has acquired a significant minority interest in Jeco Energies. By teaming up with NPM Capital, Jeco Energies is ready for the next step in its remarkable growth trajectory and strengthening its position as the leading industrial energy solutions provider.
Conozca másGrafton Group plc has acquired Salvador Escoda S.A.
Grafton Group plc, the international building materials distributor and DIY retailer, has acquired the entire issued share capital of Salvador Escoda, S.A. from Escoda Sans, S.L. The acquisition of Salvador Escoda is consistent with Grafton’s strategy of acquiring platform businesses with unique propositions offering exciting growth opportunities, and which operate in fragmented markets with strong underlying fundamentals.
Conozca másPOLYTEC EMC Engineering GmbH has been acquired by Cannon S.p.A.
PUR Holding GmbH has sold its majority stake in POLYTEC EMC Engineering GmbH to Cannon S.p.A., the manufacturer of advanced industrial equipment for plastic processing.
Conozca más