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Companies:
Donati acquires Elvacenter Group

 In News

Donati S.p.A., European leader in the distribution of lift and escalator components – announces the acquisition of Elvacenter, a group active in Belgium and Holland. Thanks to this operation, Donati consolidates its leadership position in Europe with a range of over 16,000 items in stock and 5,000 active and growing customers, reaching a level of over 38 million aggregate revenues and realising a further step in its strategy aimed at create the leading distribution platform in the European market through the consolidation of key players in individual countries.

Gianni Galasso, Senior Partner of EOS Investment Management, the majority shareholder of the Donati Group, commented: “The acquisition of Elvacenter is an
a further important step towards the internationalisation of Donati, which is pursuing the growth of its subsidiaries in Germany and France in parallel. With the direct entry into the Belgian and Dutch markets through an already very well positioned operator, Donati accelerates its geographical expansion in Europe in parallel with that of its offer.”

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Alessandro Cattelan, CEO of Donati, commented: “This important transaction represents the union of two leading companies in their respective geographic markets. With a strategy that started a long way back, Donati has successfully created a set of competencies and vertical functions that have been integrated into a ‘corporate’ project, managed by a careful and conscientious governance, into which the Elvacenter team will be integrated. With the acquisition of the Elvacenter group, Donati strengthens its leadership in Europe and will be able to exploit synergies not only geographically but also in product assortment.”

Melvin Kool and Alex Deconynck, shareholders and general managers of Elvacenter, said: “We are excited to contribute to Donati’s vision of sustainable growth and innovation, using our experience to drive further international expansion. Together we will build a stronger and more resilient future, ensuring long-term success and value for all stakeholders involved.”

The operation saw the participation of SIMEST, the CDP Group’s company for the internationalisation of enterprises, which intervened with an investment of EUR 3 million, also realised with the resources of the Venture Capital Fund, an instrument managed in agreement with Farnesina.

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