SAPA has acquired 100% of Promens Zevenaar and Promens Rongu

SAPA S.p.A., the One-Shot® company, engaged in the sustainable mobility solutions sector, announces a considerable expansion into the truck sector and in northern Europe with the acquisition of 100% of Promens Zevenaar (Netherlands) and Promens Rongu (Estonia). With this acquisition, SAPA bolsters its presence with major customers, including Volvo, Scania and Daimler Truck.

Founded in 1974 by Angelo Affinita, SAPA is an Italian industrial group specializing in the production of cutting-edge components for the automotive industry. SAPA is a direct supplier of well-known car manufacturers, such as Volkswagen, Stellantis, CNH, Iveco, BMW, Ferrari, Aston Martin, Rolls Royce, Porsche, Audi, Skoda, Seat, DAF and Caterpillar. The group operates 11 plants in Italy, the rest of Europe, Africa and Asia and employs more than 2,400 people. With a turnover expected to exceed US$430 million in 2024, the company produces over 105 million car components annually, including interiors, bodywork and engine compartments. Focused on innovation since its inception, 20% of this turnover comes from its patents and internally developed know-how.

Promens Zevenaar (Netherlands) and Promens Rongu (Estonia) are two important companies in the automotive industrial sector. The two plants achieved a total turnover of approximately US$114 million in the year ended September 2023 and employ over 600 people.

Oaklins’ team in Italy acted as financial advisor to the buyer. The team in the Netherlands supported the transaction.