EGM’s business unit ILNOR has been acquired by KME Group SpA
S.A. Eredi Gnutti Metalli S.p.A. (EGM) has sold its business unit ILNOR to KME Group SpA.
ILNOR is EGM’s rolled products business division that produces and sells excellent solutions in rolled products made of copper and copper alloys to the international market. ILNOR serves the automotive, household appliances, construction, heat exchangers, bathroom fittings, furniture components, telecommunications and fashion industries.
With its eight production plants in Germany, France, Italy, China and the USA, KME is one of the world’s largest manufacturers of copper and copper alloy products. KME offers innovative product solutions tailored to the respective individual requirements of its customers from various industrial sectors. KME is divided into two corporate divisions – the copper division (rolled products) and the special division (special products) – and has a worldwide sales network. The company is run by IntekGroup Spa.
With 160 years of history and based in Brescia, Italy, EGM is among the leaders in Europe in the production of brass bars and strips of copper and its alloys, including brass, bronze and special alloys. The company serves large industry and specialty customers in the automotive, building, electric, electronic, fashion, heat exchange, home appliances, hydro sanitary, mechanics, renewables and transformers industries.
Oaklins’ team in Italy assisted Eredi Gnutti Metalli S.p.A. throughout the transaction.
Talk to the deal team
Related deals
E.Gruppe, a GIMV portfolio company, has acquired LET Gruppe from GFEP Family Equity
LET Gruppe, a leading German provider of customized electrical infrastructure and energy system solutions, is set to become part of E.GRUPPE, a fast-growing industrial platform backed by European investment firm GIMV. The parties have signed a definitive agreement under which E.GRUPPE will acquire 100% of the shares in LET Gruppe from GFEP Family Equity, which has supported the company’s growth and strategic development in recent years. The transaction is subject to regulatory approvals.
Learn moreCrux Agribotics has been acquired by VDL
Crux Agribotics, a Dutch AgTech innovator with a 40-year heritage in computer vision, robotics, software development and high-tech engineering, has been acquired by VDL Groep, an international industrial family business. Through the acquisition of Crux Agribotics, VDL Groep further strengthens its position in foodtech, one of the growth markets for this family-owned industrial company.
Learn moreEast Metal has been acquired by management and private investors
The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.
Learn more