Gefran Acquires 60% Stake in CZ Elettronica and Mecatronica
Deal News | Mar 18, 2025 | Finance Community IT - 1 Corporate M&A
Gefran, a leading company in the design and production of sensors, components, and solutions for industrial automation and control, has announced the acquisition of a 60% majority stake in CZ Elettronica and its subsidiary, Mecatronica, both based in the Vicenza region. The completion of this acquisition is anticipated by the end of the first half of 2025, pending the satisfaction of several standard conditions for such transactions. Financial guidance for Gefran was provided by Livingstone Partners, while the legal aspects were managed internally and via Pro Legal Tax for CZ. The purchase agreement entails a total consideration of €870,000 to be paid in cash from Gefran's assets, with a price adjustment mechanism based on the companies' net assets as of December 31, 2024. Furthermore, put and call options may allow Gefran to acquire 100% ownership by December 2027. The acquisition aims to leverage CZ Elettronica's expertise in customized industrial automation systems, with anticipated synergies boosting value. The current management will continue to ensure business continuity and development, with CZ Elettronica having recorded revenues of €3.2 million and a net profit of €153,000 as of December 31, 2023.
Sectors
- Industrial Automation
- Financial Advisory
- Legal Services
Geography
- Italy – Both Gefran and CZ Elettronica are headquartered in Italy, with the latter being based in the province of Vicenza. The acquisition is a significant event in the Italian industrial automation sector.
Industry
- Industrial Automation – The article focuses on Gefran, a company involved in designing and producing components and solutions for industrial automation, and its acquisition of CZ Elettronica to enhance its offerings in this industry.
- Financial Advisory – Livingstone Partners played a key role as a financial advisor in facilitating the acquisition transaction for Gefran.
- Legal Services – The article discusses the involvement of legal advisors from Pro Legal Tax and internal resources in managing the legal aspects of the acquisition.
Financials
- €870,000 – Total consideration for the 60% stake in CZ Elettronica, subject to a price adjustment mechanism.
- €3.2 million – Revenues of CZ Elettronica and its subsidiary Mecatronica as of December 31, 2023.
- €153,000 – Net profit of CZ Elettronica and Mecatronica as of December 31, 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gefran | Acquirer | Company | Gefran is a company specializing in the production of sensors and automation solutions, aiming to enhance its product offerings through this acquisition. |
| CZ Elettronica | Target Company | Company | CZ Elettronica, founded in 1986, specializes in custom industrial automation systems and is recognized for its innovative solutions in the fields of steel, textiles, and plastics. |
| Livingstone Partners | Financial Advisor | Company | Livingstone Partners acted as the financial advisor to Gefran, providing strategic guidance on the acquisition. |
| Pro Legal Tax | Legal Advisor | Company | Pro Legal Tax provided legal advisory services to CZ Elettronica for the transaction. |
| Marcello Perini | CEO of Gefran | Person | Marcello Perini is the CEO of Gefran and provided strategic insights about the acquisition and its expected benefits. |