Valtecne Expands Portfolio with Utilità Group Acquisition
Deal News | Dec 03, 2024 | Finance Community IT - 1 Corporate M&A
Valtecne, a company specializing in high-precision mechanics for medical devices and industrial applications, has entered into a binding agreement to acquire a 60% stake in Utilità Group, located in Costabissara, Vicenza. Utilità Group is renowned for its contract manufacturing of precision mechanical components, with approximately 80% of its business in the medical sector, particularly dental and orthopedic segments. Financial advisory for the deal was provided by Emintad Italy, with legal support from ADVANT Nctm, and due diligence by BDO Advisory Services and BDO Tax. Utilità Group was advised by Valentina Zanella, Massimo Lappo of TLM S.T.P., and SLT Strategy Legal Tax. Valtecne's CEO, Paolo Mainetti, emphasized the acquisition as a strategic growth step to reinforce Valtecne’s market position and expand its offerings, especially in the orthopedic and dental fields, while also moving into the aerospace sector. Utilità’s CEO, Andrea Zamberlan, highlighted the benefits of working within a larger, technologically advanced group, poised to harness the synergies for accelerated growth.
Sectors
- Mechanical Engineering
- Medical Devices
- Aerospace
Geography
- Italy – Valtecne and Utilità Group are based in Italy, and the acquisition takes place there, with Utilità Group located in Costabissara, Vicenza.
Industry
- Mechanical Engineering – Valtecne operates in the high-precision mechanical engineering sector, focusing on medical devices and industrial applications.
- Medical Devices – Utilità Group specializes in the manufacturing of precision mechanical components for the medical sector, predominantly in dental and orthopedic segments.
- Aerospace – The acquisition opens up prospects for Valtecne to expand into the aerospace sector, leveraging synergies with Utilità Group.
Financials
- 60% – The percentage of Utilità Group's share capital acquired by Valtecne.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Valtecne | Acquirer | Company | A company specializing in high-precision mechanics for medical devices and industrial applications. |
| Utilità Group | Target | Company | Specializes in contract manufacturing of precision mechanical components, with a strong focus on the medical sector. |
| Emintad Italy | Financial Advisor | Company | Part of Ethica Group, served as the financial advisor for the acquisition deal. |
| ADVANT Nctm | Legal Advisor | Company | Provided legal advisory for the acquisition transaction. |
| BDO Advisory Services | Financial and Other Due Diligence | Company | Conducted financial, payroll, and tax due diligence for the acquisition. |
| BDO Tax | Tax Advisor | Company | Handled the tax due diligence for the transaction. |
| TLM S.T.P. | Fiscal Advisor for Utilità Group | Company | Provided fiscal advisory for Utilità Group in the transaction. |
| SLT Strategy Legal Tax | Legal and Tax Advisor for Utilità Group | Company | Advised Utilità Group on legal and tax matters in the acquisition deal. |
| Paolo Mainetti | CEO | Person | CEO of Valtecne, involved in strategic commentary on the acquisition. |
| Andrea Zamberlan | CEO | Person | CEO of Utilità Group, commented on the strategic advantages of the acquisition. |