Vacuum Service & Maintenance Acquired by France's ECM Group
Deal News | Dec 12, 2024 | Legal Community Italy
French multinational ECM Group has successfully completed its inaugural acquisition in Italy by purchasing a majority stake in Vacuum, Service & Maintenance (VSM), a company headquartered in Mozzanica and specializing in industrial furnace maintenance for vacuum heat treatment. This strategic move allows ECM to enhance its presence in Italy and broaden its post-sale service offerings within the industrial furnace sector. Legal counsel for ECM throughout the transaction was provided by CastaldiPartners, with coordination from a dedicated team led by Gaspare Dori. Labor law facets were managed by Sarah Barutti and her team. The legal director of ECM, Kremena Krasteva, collaborated closely with CastaldiPartners. Financial and fiscal review was undertaken by Pirola Pennuto Zei, under the guidance of Andrea Savino. For VSM, this acquisition presents a significant opportunity for international customer development and market expansion. The finalization of the transaction occurred with formalities conducted by notary Margherita Vanoli.
Sectors
- Industrial Equipment & Services
- Legal Advisory
Geography
- Italy – The acquisition is significant as it marks ECM Group's first expansion into the Italian market.
- France – ECM Group, the acquiring company, is based in the Auvergne-Rhône-Alpes region of France.
Industry
- Industrial Equipment & Services – The acquisition involves companies specializing in industrial furnace maintenance and production, placing the focus on the industrial equipment sector.
- Legal Advisory – CastaldiPartners and Pirola Pennuto Zei served key roles in providing legal and financial advice during the transaction.
Financials
- Not disclosed – The financial details of the acquisition have not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ECM Group | Acquirer | Company | A French multinational specializing in the production and maintenance of industrial equipment. |
| Vacuum, Service & Maintenance | Target | Company | An Italian company based in Mozzanica, focusing on the maintenance of industrial furnaces. |
| CastaldiPartners | Legal Advisor | Company | Provided legal advice and coordination for ECM Group during the acquisition. |
| Pirola Pennuto Zei | Financial Advisor | Company | Handled the fiscal and financial review of the acquisition for ECM Group. |
| Margherita Vanoli | Notary | Person | Executed the formal completion of the transaction. |