IGI Private Equity, Amundi Private Equity Italia, Banca Ifis, and Neverquit-backed Meter completed the acquisition of Colzani Ingranaggi.

IGI Private Equity, Amundi Private Equity Italia, Banca Ifis, and Neverquit-backed Meter, a company specializing in the production of specialized roller bearings and ball bearings for the automotive and industrial sectors, completed the acquisition of Colzani Ingranaggi, a family-founded enterprise specialized in the design and production of high-precision gears and power transmission components. Financial terms were not disclosed. "I am very pleased with this first acquisition completed by Meter, just over a year after our investment. This is a significant transaction in terms of size and, above all, strategic importance: expanding our target market and offering complementarity are two of the cornerstones of the group's M&A strategy. Italian-ness, excellent technical expertise, superior customer service, and market recognition are characteristics shared by the two companies, which, I am confident, will work together on a stimulating growth and transition project," Andrea Bruschi, Meter Board of Directors Chairman.