MTA: Acquires 60% Stake in EFI Technology

Deal News | Jan 29, 2025 | Finance Community IT - 1 Corporate M&A

Italian multinational MTA has reached an agreement to acquire a 60% stake in EFI Technology, a company specializing in the production of control units for both combustion and electric vehicles. The transaction is expected to close in the coming weeks, marking a significant expansion of MTA’s capabilities in the electric and electronic automotive solutions sector. Andersen Italy played a crucial role in this acquisition by assisting MTA with comprehensive due diligence, focusing on domestic and international tax issues and payroll considerations. The due diligence team was led by Andersen partner Letizia Carrara and included support from experts in domestic and international taxation as well as labor law, solidifying the strategic groundwork for MTA’s acquisition of EFI Technology.

Sectors

Automotive
Corporate Finance and Tax Advisory

Geography

Italy – Both MTA and EFI Technology are based in Italy, and the acquisition process involves Italian companies and legal frameworks.

Industry

Automotive – The article involves companies that operate in the automotive sector, specifically focusing on electronic and electrical solutions for vehicles.
Corporate Finance and Tax Advisory – Andersen Italy is involved in providing tax and payroll advisory services related to the acquisition, positioning the article within the corporate finance and tax advisory industry.

Financials

60% – The stake of EFI Technology being acquired by MTA.

Participants

Name	Role	Type	Description
MTA	Buyer	Company	An Italian multinational company that develops electrical and electronic solutions for the automotive industry.
EFI Technology	Target Company	Company	An Italian company specializing in the production of engine control units for combustion and electric vehicles.
Andersen Italia	Legal and Tax Advisor	Company	A professional services firm providing advisory services, assisting MTA with the due diligence process for the acquisition.
Letizia Carrara	Partner overseeing due diligence	Person	A partner at Andersen Italia, leading the due diligence on tax and payroll aspects for the MTA acquisition.