Saet Group has acquired EDMS
September 2009 — Saet Group has acquired Engineering Design & Manufacturing Services, Inc. (EDMS) for an undisclosed consideration.
Saet Group, with headquarters in Turin, Italy, is a key supplier of induction heating equipment, mainly to players in the automotive and wind energy industries at a global level.
Based in Surgoinville, Tennessee, Engineering Design & Manufacturing Services, Inc. (EDMS) produces induction equipment for the wind energy industry.
Our role in the transaction
Oaklins' team in Italy assisted the buyer in this transaction. The team had advised Saet Group previously on a successful MBI. Following that transaction, an ambitious platform building project was launched to create a global leader in the induction industry. In the framework of this expansion strategy, Oaklins' Italian team advised Saet Group on the acquisition of Induction Equipment India Ltd in August 2007.
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