Announced
Completed
Financials
Tags
Private
Friendly
Property Services
Italy
irrigation solutions
gardening hardware
Household Equipment and Products
Acquisition
Domestic
Majority
Completed
Single Bidder
Synopsis
FITT Group, a specialist in development of fluid transfer solutions for domestic, professional and industrial use, completed the acquisition of Claber, a manufacturer of products for irrigation and gardening. Financial terms were not disclosed. “FITT has long placed sustainability at the heart of its business decisions, directing its investments towards products that aim to be carbon neutral. This venture stems from the desire to bring together the technological skills and R&D results of Claber and FITT to respond to people’s growing ecological and social awareness, while at the same time promoting at international level the human and industrial expertise heritage of our territory,” Alessandro Mezzalira, FITT President.
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