NB Aurora to acquire a 50% stake in Dierre Group, from Gradiente for $32m.

NB Aurora, international investment company, to acquire Dierre Group, the company that designs, manufactures and markets technologically advanced protections and components with high aesthetic impact for industrial automation, for $32m. The 50% stake is made up of 46% of the entire capital previously held by the Gradiente investment fund, to which is added a further 4% stake sold by the founder Giuseppe Rubbiani. Nb Aurora will support the company in its growth strategy, also based on M&A. "The entry into the corporate structure of the Dierre Group of the investment fund NB Aurora will have the primary objective of further strengthening the competitive position of our Group in the reference markets. The decision to continue the partnership with a private equity fund will allow us to continue our progressive development process and to make use of the solid skills of NB Aurora that will allow us to complete important investment plans necessary to project ourselves with strength into the foreign market. The collaboration with the investment company Gradiente was very prolific for the Dierre Group. The growth project developed in recent years with Gradiente 1 has contributed to increasing the value of our Group not only in terms of turnover but also in favoring a strong expansion of the company in the productive sectors of the North-East and Lombardy, developing important research synergies and product development and enhancing investments.“ Giuseppe Rubbiani, Dierre Group President.