MEP acquired by Legris Industries

Legris Industries has achieved another milestone in its growth strategy by acquiring MEP Group, an Italian company with consolidated sales of €52m and a workforce of 280. MEP designs and manufactures precision metal-cutting equipment for steel, aluminium and other metal alloys, providing automatic and semi-automatic systems and solutions to many industries.

Thanks to its capacity, range of products and modern production infrastructure, MEP Group is now a major global player in its market, with industrial sites and sales units in Italy, Canada, the United States, China and Brazil. Through its network of distributors, the many products offered under the MEP and HYDMECH brands are sold in over 60 countries. A part of Legris Industries, MEP will be able to step up its growth by tapping into group resources.
In the past two years, MEP’s business has expanded by more than 25%, and the group will work with its existing management team, led by William Giacometti, to continue that growth.
Erwan Taton, chairman of the Groupe Legris Industries’ executive board, says: “In acquiring MEP we are pursuing our diversification strategy by integrating a company that meets all of our investment criteria. A major player in a worldwide niche market, MEP has powerful technical expertise that generates continuous innovation to drive growth.”
Stefano Guidotti, managing partner of the seller Aksia Group, a leading Italian private equity player, adds: “We’re really proud of having contributed to the growth and internationalisation of our portfolio company, and are firmly convinced that Legris Industries is a perfect fit to bring MEP Group up to a further phase of development.”
Says William Giacometti, CEO of MEP Group: “To join Groupe Legris Industries is for MEP a great opportunity and will have a positive effect in the acceleration of our growth path.”
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