Hypertherm Acquires Stake in BLM Group for Strategic Expansion
Deal News | Dec 11, 2024 | Finance Community IT - 1 Corporate M&A
Hypertherm Associates has acquired a minority stake in BLM Group as part of a strategic partnership aimed at expanding their market reach. The collaboration focuses on leveraging BLM GROUP’s laser cutting and tube bending technologies alongside Hypertherm’s cutting solutions in plasma and waterjet, to provide top-tier solutions for customers. The agreement also includes a commercial component, designed to enhance demand generation for BLM GROUP's products in North America and Europe. Hypertherm Associates was advised by Lincoln International, ADVANT Ntcm, and PwC, while BLM GROUP was advised by Studio Grimani & Pesce and Studio Gianni & Origoni. BLM Group is an Italian family-owned company with a global presence, renowned for high-precision CNC machines, generating over 500 million euros in revenue annually. Hypertherm, based in New Hampshire, is a global provider of industrial cutting technology with over 50 years of experience and nearly 750 global patents.
Sectors
- Industrial Manufacturing
- Technology and Software
Geography
- Italy – BLM Group is headquartered in Cantù, Italy, making the country a significant geography for this article.
- United States – Hypertherm Associates is based in Hanover, New Hampshire, marking the U.S. as another primary geography.
- Europe and North America – The strategic partnership aims to expand operations and market reach across Europe and North America.
Industry
- Industrial Manufacturing – BLM Group specializes in high-precision CNC machines and laser cutting, indicating their role within the Industrial Manufacturing sector.
- Technology and Software – Hypertherm's focus on cutting technology solutions, including software for CNC systems, places it within the Technology and Software sector.
Financials
- Over EUR 500 million – Annual revenue generated by BLM Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hypertherm Associates | Bidding Company | Company | A global provider of industrial cutting technologies and software, headquartered in Hanover, New Hampshire. |
| BLM Group | Target Company | Company | An Italian family-owned company specializing in CNC machines and laser cutting, headquartered in Cantù, Italy. |
| Lincoln International | Financial Advisor to Hypertherm | Company | Advised Hypertherm Associates on the partnership. |
| ADVANT Ntcm | Advisor to Hypertherm | Company | Provided advisory services to Hypertherm Associates. |
| PwC | Advisor to Hypertherm | Company | Advised Hypertherm Associates in the transaction. |
| Studio Grimani & Pesce | Advisor to BLM Group | Company | Provided advisory services to BLM Group. |
| Studio Gianni & Origoni | Advisor to BLM Group | Company | Advised BLM Group during the development of the agreement. |
| Gianluca Banfi | Managing Director at Lincoln International | Person | Led the transaction for Hypertherm Associates. |