IGI Private Equity to acquire a majority stake in Meter.

IGI Private Equity, an Italian independent private equity firm, agreed to acquire a majority stake in Meter, a producer of custom ball bearings and rollers for the forklift segment. Financial terms were not disclosed. “We believe that Meter is a solid starting point, perfectly aligned with our investment strategy, for a project of growth and development. The Musso family has done an exceptional job in making the company one of the global reference players in its market. IGI is proud to be able to bring its experience and contribute to this new phase of evolution of the company,”Andrea Bruschi, IGI Private Equity Partner.