LAFERT SPA SIGNS AN AGREEEMENT FOR THE SALE OF 100% OF SHARE CAPITAL TO SUMITOMO HEAVY INDUSTRIES
- The shareholders of Lafert S.p.A. have entered into a definitive agreement for the sale of the 100% of the share capital of the company to Sumitomo Heavy Industries Ltd for a total consideration of 172 millions of Euro.
- Lafert Group, headquartered in San Donà di Piave, Venezia, is leader in Europe in the design and manufacturing of electric motors and servodrives for the industrial applications. In financial year 2017 it registered sales of approx. 150 million of Euros (+9% YoY) with a 10% Ebitda margin.
- Sumitomo Heavy Industries Ltd, headquartered in Tokyo, is a global industrial group with turnover of more than 6 billions of Euro and 20.000 employees. It is listed on the Tokyo Stock Exchange. The closing is scheduled by the end of June.
- Scouting Spa acted as exclusive financial advisor to the shareholders of Lafert S.p.A.