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Vertbaudet change de main pour Equistone Partners Europe
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Vertbaudet entend prendre une autre dimension avec son nouvel actionnaire
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Alpha Private Equity reaches an agreement for the sale of 100% of Savio Group to the Belgian company Vandewiele
Updated: 2021/1/25 13:40:52
The completion of the transaction is expected in spring 2021
Vandewiele is a Belgian global leading group active in in mechatronics and textile machinery January 4
th, 2021 – Itaca Finance S.A., a company controlled by Alpha Private Equity, reached late last year an agreement for the sale of 100% of Savio Group to Vandewiele, a Belgian global leading group active in the construction and installation of textile machinery. The completion of the transaction is expected in spring 2021. Financial terms of the transaction are not disclosed.
January 5, 2021
MILAN/BRUSSELS January 4, 2021 Itaca Finance S.A., a company controlled by Alpha Private Equity, reached late last year an agreement for the sale of 100-percent of Savio Group to Vandewiele, a Belgium-based global group active in the construction and installation of textile machinery.
The completion of the transaction is expected in spring 2021. Financial terms of the transaction are not disclosed.
Founded in 1911 and headquartered in Pordenone, Italy, Savio Group is a designer and manufacturer of winding machines and quality control devices for the textile industry, with operations in Italy, China, India, Belgium, Germany, Switzerland and Czech Republic. In 2019 Savio reported consolidated revenues of 270 million euros.