Progressio Sgr to acquire Officine S. Giacomo.

Progressio Sgr, a private equity firm, agreed to acquire Officine S. Giacomo, a mechanical presses producer. Financial terms were not disclosed. “Officine S. Giacomo is the second investment executed just 4 months after the launch of our new fund, Progressio Investimenti IV. The Company clearly expresses what Progressio’s investment strategy is: a player with a solid international reputation, standing out for its strong product characterization and with significant growth potential, which will be pursued by the current management structure enriched by new, highly experienced leading figures,“ Filippo Gaggini, Progressio Managing Partner.