Groupe Legris Industries acquires MEP Group for $58m.

Groupe Legris Industries, a leading specialty machinery manufacturer acquires MEP Group, a popular designer and manufacturer of precision metal-cutting equipment for steel, aluminum and other metal alloys for $58.38m. As a part of Legris Industries, MEP will be able to step up its growth by tapping into Group resources. In the past two years, MEP’s business has expanded by more than 25%, and the Group will work with its existing management team, led by William Giacometti, to continue that growth. "To join Groupe Legris Industries is for MEP a great opportunity and will have a positive effect in the acceleration of our growth path that has already started in the last years. We are very thankful to AKSIA Group and to Groupe Legris Industries that made this possible." William Giacometti, MEP Group CEO.