Monday 27 March 2023

automatic translation

Monday 27 March 2023

automatic translation

    BAVELLONI SpA - GMM: agreement signed

    The month of February makes its debut with a very important operation for the Bavelloni Spa company.

    Last 31.01.2022 it was signed the agreement between GMM, a company controlled by the private equity fund of Consilium SGR, e Bavelloni SpA, with which GMM acquires the 52% of the shares of Bavelloni SpA.

    In doing so, the two companies give life to one of the largest groups in the world in the processing of stone and glass materials, exceeding 100 million in turnover.

    For Bavelloni SpA, associated Gimav, the operation represents a unique opportunity to continue the strategic development plan started in 2015, which saw the company grow by 75% in consolidated turnover.

    And at the same time to expand the commercial network through 3 owned subsidiaries abroad and to integrate the tools business into its product range.

    GMM and Bavelloni will create an industrial group with a turnover of over 100 million and EBITDA of around 10 million, with 400 employees, 6 production plants and 8 direct branches with a very strong international vocation.

    The Group will integrate the respective technologies into an annual production of over 800 machines, which will be divided into 3 main business units:

    dello Stone with the GMM brand, of the Glass with the Bavelloni brand and branded Fabrication Materials Techni Waterjet.

    At the bottom you can download the official press release of BAVELLONI SpA

    Official press release in English

    Contact the author for more information

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