Go to deals
Energy | Industrial Machinery & Components | Other Industries

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.

Service
M&A buy-side
Parties
“Oaklins’ commitment and international reach have been crucial in the identification of the right target for us and throughout the acquisition process. The team’s professionalism and dedication helped us to smoothly negotiate the path of this complex cross-border acquisition, carried out almost entirely remotely to cope with the COVID-19 situation.”

Federico De Stefani

CEO and Chairman, SIT S.p.a.

Talk to the deal team

 Enrico  Arietti

Enrico Arietti

Partner

Turin, Italy
Oaklins Italy
 Diogo  Torrado

Diogo Torrado

Partner

Lisbon, Portugal
Oaklins Monsanto
 Simone  Botti

Simone Botti

Senior Associate

Milan, Italy
Oaklins Italy

Related deals

HuanYu Group Co., Ltd. has agreed on a strategic investment from Eaton
Industrial Machinery & Components

HuanYu Group Co., Ltd. has agreed on a strategic investment from Eaton

HuanYu Group Co., Ltd., a leading Chinese electrical equipment manufacturer, has agreed on a strategic investment from Eaton, a global electrical giant, to form a joint venture company, HuanYu High Tech Co., Ltd., to manufacture and market low-voltage circuit breakers and contactors in China.

Learn more
FISCHER has agreed on a global cooperation between FISCHER Fuel Cell Compressor and Weichai Power
Automotive | Industrial Machinery & Components

FISCHER has agreed on a global cooperation between FISCHER Fuel Cell Compressor and Weichai Power

FISCHER Spindle Group AG (FISCHER) has agreed on a global cooperation between FISCHER Fuel Cell Compressor (FFCC) and Weichai Power Company Limited.

Learn more
Jersey Oil & Gas has completed a private placement of new shares
Energy

Jersey Oil & Gas has completed a private placement of new shares

Jersey Oil & Gas Plc has raised funds to support a new development project.

Learn more