The private equity firm Alcedo SGR SpA has sold its portfolio company OCN SpA to ASMAG GmbH.The sale has been finalized as an asset deal through a procedure and financial details have not been disclosed.
Established in 1977, OCN designs and manufactures systems and equipment for the metallurgical industry. The company was in a difficult financial situation, as a result of two of its main clients going bankrupt.
ASMAG GmbH, based in Scharnstein, Austria, produces equipment for extrusion, pointing, drawing, straightening, cutting and chamfering, finishing, testing, stacking and bundling. A highly qualified engineering team supervises the entire production process and ensures the highest quality control.
Alcedo SGR is an Italian private equity firm investing in small medium-sized companies with a leading position in their respective markets. The firm supports the enterprises and boost their medium and long term growth and development.
Oaklins' team in Italy advised the seller in this transaction.
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