Announced
Completed
Financials
Sources
Tags
Italy
surface treatments
Venture Capital
Friendly
Acquisition
Private
Completed
Single Bidder
industrial services
Diversified Industrials
Majority
Private Equity
Synopsis
Gradiente, a venture capital company, completed the acquisition of a majority stake in Argos, a provider of electroless nickel plating, anodic oxidation and polymer and thermal spray coatings. Financial terms were not disclosed. “We believe that Argos Surface Technologies group has a strong potential to emerge as a leading Italian player in surface treatments, also through a well-defined plan of acquisitions that will consolidate a still quite fragmented market. Gradiente is pleased to support the management team in the growth process by making available not only its financial resources but also its experience in complex development projects," Carlo Bortolozzo, Gradiente Founding Partner.
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