Interpump Group to acquire Reggiana Riduttori.

Interpump Group has acquired Reggiana Riduttori. Interpump, in exchange for 100% of Reggiana Riduttori’s share capital, will transfer 3.8m ordinary shares from its own portfolio valued at €28.74 ($31.8) plus a cash balance that will be calculated considering an enterprise value of €125m ($138m). Reggiana Riduttori is a world leader in design and manufacturing of power transmission systems: planetary gears, reduction gears and wheel gears. Main application sectors are: heavy industry, agriculture and forestry, handling of materials, lifting, marine/offshore, mining, wind farms. “Reggiana Riduttori is yet another pearl of excellence that enriches our group. Not only it will significantly increase and diversify our activity in power transmissions, it operates in industries and markets where we are already present with other products, with extraordinary potential for technical and sales synergies” Fulvio Montipò, Interpump Groups’ Chairman.