Ambienta-backed Safim bolts on Omni
Italy-based hydraulic systems manufacturer Safim, a portfolio company of private equity firm Ambienta, has acquired a 70% stake in Omni Hydraulik Ritter (Omni), a German distributor of valves, brake pumps and other components for hydraulic circuits.
The GP intends to strengthen Safim's position within the DACH market and support the company's growth both organically and through additional acquisitions.
Ambienta acquired a controlling stake in Safim from the founding Mamei family in July 2017 by deploying capital from its second fund, which held a final close in November 2014 on €323.5m. In addition, an undisclosed credit facility was issued to support the transaction.
Based in Modena with subsidiaries in the US, France and India, Safim manufactures valves and brake pumps for heavy vehicles, with the aim of maximising safety, energy efficiency and environmental awareness in the agricultural, construction and material handling sectors.
Under Ambienta's ownership, the company has strengthened its management and increased its production capacity. In addition, Safim marketed new products linked to the revised EU regulation for braking in agriculture and doubled its annual revenues, which exceeded €50m in 2018.
Company
Headquartered in Wiebelsheim, near Frankfurt, Omni is a distributor of valves, brake pumps and other components of hydraulic circuits. Over the last decade, the company has been a strategic partner for Safim by distributing its products in the DACH region and developing a strong relationship with German manufacturers of agricultural, construction and material handling vehicles.
People
Ambienta - Francesco Lodrini (partner).
Safim - Pietro Santoro (CEO).
Omni Hydraulik Ritter - Jörg Müller (managing director).
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