Intermediate Capital-backed Nadella Group completed the acquisition a majority stake in of Ipiranga and Shuton.

Intermediate Capital-backed Nadella Group, a global manufacturer of linear motion technology solutions headquartered in Italy, completed the acquisition of a majority stake in Ipiranga and Shuton, Spain-based manufacturers of ball screws distributed worldwide. Financial terms were not disclosed. “Nadella has an established tradition in linear motion business and has grown through a consistent R&D strategy and key acquisitions across the years: Ipiranga and Shuton are the fourth and fifth company in 6 years, complementing our offer with best-in-class ball screws solution providers. This is an important steps in our continuous growth strategy and we are pleased to announce in the year where we celebrate Nadella 90th anniversary,” Frank Scherer, Nadella Group CEO.