Ognibene Transfers Majority Stake to Renold Group
Deal News | Jun 25, 2025 | Finance Community IT - 1 Corporate M&A
Ognibene, a longstanding Italian supplier of industrial and motorcycle chains, has transferred a majority stake to the Renold Group. Established in Bologna in 1948, Ognibene has built a strong legacy in the distribution and assembly of transmission chains, and remains under family leadership into its third generation. The acquisition by Renold Group, a global leader in the design and production of transmission chains, is seen as a strategic push to enhance its presence in Southern Europe. The transaction was facilitated by Ethica Group's M&A Advisory for Ognibene, while Renold was supported by Grant Thornton, conducting financial, tax, and payroll due diligence. This acquisition is expected to generate over 15 million euros for Renold as it seeks to expand its customer base and strengthen its current client relationships through enhanced services and market reach.
Sectors
- Automotive and Industrial Manufacturing
Geography
- Italy – Ognibene is based in Bologna, Italy, and has a significant role in the country's industrial and motorcycle chain sector.
- United Kingdom – Renold Group, the acquiring company, is a global player with significant operations likely stemming from the UK.
Industry
- Automotive and Industrial Manufacturing – Both companies are involved in the production and distribution of transmission chains for industrial and motorcycle applications, a segment within the broader automotive and industrial manufacturing industry.
Financials
- 15 million euros – Expected increase in revenue for Renold Group as a result of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ognibene | Target Company | Company | An Italian company specializing in the assembly and distribution of industrial and motorcycle chains, established in 1948 and currently led by the third generation of the founding family. |
| Renold Group | Bidding Company | Company | A global leader in the design and manufacture of transmission chains, seeking to expand its footprint in Southern Europe through this acquisition. |
| Ethica Group | Financial Advisor to Ognibene | Company | Provided M&A advisory services to Ognibene during the transaction. |
| Grant Thornton | Financial and Tax Advisor to Renold Group | Company | Conducted financial, tax, and payroll due diligence for Renold Group in connection with the acquisition of Ognibene. |
| Filippo Salvetti | Financial Advisor | Person | Part of the Ethica Group M&A advisory team. |
| Antonio Aiuto | Financial Advisor | Person | Part of the Grant Thornton team focusing on financial due diligence. |