Valtecne Completes 60% Acquisition of Utilità
Deal News | Mar 12, 2025 | Finance Community IT - 1 Corporate M&A
In December 2024, Valtecne, a high-precision mechanical company based in Italy, finalized the acquisition of a 60% stake in Utilità, a company specializing in the contract manufacturing of precision mechanical components with a strong foothold in dental and orthopedic sectors. The shares were sold by Utilità Group, owned by founders Andrea and Nicola Zamberlan. Valtecne was advised by Emintad Italy (Ethica Group) and ADVANT Nctm, with BDO Advisory Services and BDO Tax handling financial and tax due diligence. Utilità Group received advisory support from Valentina Zanella and SLT (Strategy Legal Tax). The acquisition, valued at €6.2 million, aligns with Valtecne's growth strategy outlined during their IPO for expanding capabilities in medical contract manufacturing and entering the aerospace sector. The deal includes a put option for Utilità Group to sell the remaining 40% stake between 2027 and 2029, and a call option for Valtecne exercisable after 2029 if the put option is not executed.
Sectors
- Mechanical Engineering
- Healthcare Manufacturing
- Aerospace
Geography
- Italy – Both Valtecne and Utilità are Italian companies, and the transaction takes place within Italy.
Industry
- Mechanical Engineering – Valtecne operates in the high-precision mechanical sector, focusing on medical devices and industrial applications, while Utilità specializes in precision mechanical components.
- Healthcare Manufacturing – The acquisition involves Utilità's significant presence in the dental and orthopedic segments, making healthcare manufacturing a relevant industry.
- Aerospace – Valtecne aims to use the acquisition to expand into the aerospace sector, opening new opportunities.
Financials
- €6.2 million – The price paid by Valtecne to acquire 60% of Utilità's capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Valtecne | Bidding Company | Company | An Italian company specializing in high-precision mechanics for medical devices and industrial applications. |
| Utilità | Target Company | Company | A company based in Costabissara, Italy, specializing in contract manufacturing of precision mechanical components in the dental and orthopedic sectors. |
| Utilità Group | Selling Company | Company | The current holding entity for Utilità, owned by founders Andrea and Nicola Zamberlan. |
| Emintad Italy (Ethica Group) | Financial Advisor for Valtecne | Company | Provided financial advisory services for Valtecne during the acquisition. |
| ADVANT Nctm | Legal Advisor for Valtecne | Company | Provided legal advisory services to Valtecne for the transaction. |
| BDO Advisory Services | Due Diligence Financial Advisor | Company | Managed financial, payroll, and tax due diligence for Valtecne. |
| BDO Tax | Tax Advisor for Valtecne | Company | Handled tax-related due diligence for Valtecne. |
| Valentina Zanella | Financial Advisor for Utilità Group | Person | Assisted Utilità Group with financial and payroll aspects. |
| Massimo Lappo of TLM S.T.P. | Tax Advisor for Utilità Group | Person | Provided tax advisory support for Utilità Group. |
| SLT (Strategy Legal Tax) | Legal and Tax Advisor for Utilità Group | Company | Enrico Comparotto and Gian Paolo Ranocchi provided legal and tax advisory services. |