InvestIndustrial to acquire Fassi Group.

InvestIndustrial, an investment firm, agreed to acquire Fassi Group, an Italian engineering company and manufacturer of lifting equipment with global operations. Financial terms were not disclosed. "Investindustrial continues to be the partner of choice of Italian, family-owned, high-quality companies whose entrepreneurs want to bring them to the next level of growth. We have been extremely impressed with Fassi – its strong performance and market-leading position and reputation; its growth and international expansion to date; and its focus on quality, innovation and sustainability. All these factors are supported by a strong management team and culture, and are all characteristics that we look for in the companies we invest in," Andrea C. Bonomi, InvestIndustrial Chairman of the Industrial Advisory Board.