Opteven Acquires Garanzia MEC in Strategic Move

Deal News | Mar 11, 2025 | Finance Community IT - 1 Corporate M&A

Opteven Acquires Garanzia MEC in Strategic Move

The French multinational insurance company Opteven has announced its strategic acquisition of Garanzia MEC, consisting of Mec Spa, Mec Service, and Promot. This move solidifies Opteven's position in the Italian market, offering comprehensive and integrated solutions in mechanical breakdown warranties and mobility services. Opteven, a leader in roadside assistance with over 40 years of expertise, will incorporate Garanzia MEC's specialization in low environmental impact post-sales issues and component regeneration. The addition will enhance Opteven's retail service offerings in Italy, providing expanded options for both automobile manufacturers and dealerships. Garanzia MEC's team will maintain its brand identity and current management structure, supporting continuity and growth. The acquisition aligns with Opteven's commitment to environmental sustainability by integrating refurbished parts into repair guarantees and promoting the circular economy. The collaboration aims for ambitious growth and innovative achievements, with Garanzia MEC's founders maintaining integral roles in management for ongoing development.

Sectors

  • Insurance
  • Automotive
  • Sustainability

Geography

  • Italy – The acquisition of Garanzia MEC by Opteven is focused on the Italian market, enhancing Opteven's service offerings in the region.
  • France – Opteven is a French multinational company expanding its operations in Italy through this strategic acquisition.

Industry

  • Insurance – Opteven is a multinational insurance company specializing in mechanical breakdown warranties and roadside assistance.
  • Automotive – Garanzia MEC offers automotive services, specifically in mechanical warranties and component regeneration.
  • Sustainability – The acquisition emphasizes the use of regenerated components in automotive repairs, promoting the circular economy.

Financials

    Participants

    NameRoleTypeDescription
    OptevenAcquiring CompanyCompanyA French multinational insurance company specializing in mechanical breakdown warranties and roadside assistance.
    Garanzia MECTarget CompanyCompanyAn Italian company specializing in auto warranties and regeneration of mechanical components.
    Mec ServiceSubsidiaryCompanyPart of Garanzia MEC, focusing on mechanical warranties and component regeneration.
    PromotSubsidiaryCompanyPart of Garanzia MEC, focusing on mechanical warranties and component regeneration.
    Giorgio ManentiCEOPersonCEO of Opteven's Italian branch, involved in the acquisition announcement.
    Davide MastroliaFounderPersonOne of the founders of Garanzia MEC, supporting the acquisition.
    Giovanni de IacoCo-FounderPersonCo-founder of Garanzia MEC, remaining in management.
    Gabriella CorradoCo-FounderPersonCo-founder of Garanzia MEC, remaining in management.