Announced
Financials
Tags
Domestic
Pending
Electrical Components
Friendly
Acquisition
Private
lighting solutions
Private Equity
Italy
Minority
Single Bidder
Synopsis
21 Invest, a private equity firm, agreed to acquire a stake in Trime, a firm engaged in the development and production of lighting towers for construction sites, mines and live events, from Wise Equity, a private equity firm. Financial terms were not disclosed. "This deal allows us to plan our long-term growth and support the investments necessary to execute the development project of Trime. In addition, it will enable us to renew and strengthen the group’s organization and production and to reach our goals, including our ESG plan," Paolo Tacconi, Trime CEO.
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