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Announced

Completed

FITT Group completed the acquisition of Claber.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Property Services

Italy

irrigation solutions

gardening hardware

Household Equipment and Products

Acquisition

Domestic

Majority

Completed

Single Bidder

Synopsis

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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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