Bureau Plattner advised Balcke-Duerr Group, a portfolio company of turnaround investor Mutares, on the acquisition of Loterios s.r.l and is thus further expanding its Italian business.
Newly acquired Loterios designs and manufactures pressure equipment in special materials, notably Titanium, for a variety of industries. The company is located in Gerenzano, Italy, and employs c. 70 people. In 2019, the company realized revenues of EUR 17 million.
For Balcke-Duerr, this add-on acquisition will provide valuable synergy effects through a broader product portfolio, cross-selling opportunities from combined customer bases as well as considerable gains in production efficiency.
Bureau Plattner acted with a team led by partners Massimo Petrucci (Picture) and Carlo Gurioli, assisted by trainee Francesco Clerici.
Law Firms: Bureau Plattner;