Bufab to acquire novia Group from Family Trust for €60m.

Bufab, a trading company, agreed to acquire novia Group, a provider of global sourcing solutions and engineering services, from Family Trust, a private equity company, for €60m. “I am very pleased to announce the acquisition of novia Group. With their attractive position in the value chain and their strong customer offering to a diverse customer base in Europe, novia Group brings important new capabilities to Bufab. This platform acquisition aligns with our strategy and offers significant potential for profitable growth and further add-on acquisitions within a fragmented market. We look forward to supporting Managing Director Markus Bauer and the novia team to take the next step on their growth journey,” Erik Lundén, Bufab President and CEO.