Announced
Financials
Sources
Tags
Germany
Majority
Friendly
Single Bidder
commercial refrigeration
industrial refrigeration
Acquisition
Completed
Domestic
Electrical Components
Private
Synopsis
Epta, a commercial refrigeration company, completed the acquisition of the refrigeration activities of HEIFO, a machinery company, from €25m. “We are satisfied and enthusiastic about the agreement signed because by welcoming HEIFO's refrigeration activities into the Group, which are complementary to the business approach strategy pursued at Epta. We see on the horizon numerous opportunities for growth and success as a full-service provider of reference in the market. This acquisition is a further step in our project of geographic expansion in regions with high growth potential such as Germany and in the development of more specialized skills within the Group. This is the ninth acquisition we have closed in four years, and added to the recent joint venture agreement, represents an additional milestone in achieving our development goals," Marco Nocivelli, Epta Chairman and CEO.
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