Indel B has Acquired Autoclima

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Indel B S.p.A., a company listed on the Borsa Italiana MTA and at the head of an active group in the production of mobile and mobile living refrigeration systems for the automotive, hospitality and leisure time markets (recreational boating and vehicles), has announced the setting up of a binding preliminary agreement for the acquisition of 100% of the shares of the company Autoclima S.p.A., agreed at 31.4 million. This will enable Indel B to increase its presence in Europe in the mobile air conditioning and mobile refrigeration markets. Thanks to the company’s presence in various international markets, this will also enable the development of important trade synergies.

Luca Bora,CEO of Indel B commented: “The acquisition of Autoclima is an historic step for Indel B as it is our first strategic and significant majority acquisition. Thanks to Autoclima, we will be able to enter new market sectors and expand our range of products, while remaining focused on mobile cooling and mobile air conditioning. With the participation of the company Brasiliana Elber, acquired last June, and now with that of Autoclima, Indel B has set out on a real growth path along external routes, which is complemented by our strong and continuous internal growth.”

 

Ivan Gasco, Partner at Studio Palea, acted as the Financial Advisor of the Seller. 

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