Ambienta buys Tattile

The GP invested €6m through the fund Ambienta I, which holds commitments of €217.5m and has completed nine investments in energy efficiency, pollution reduction, renewables, recycling and primary resource management. Follow-on rounds are anticipated, with a total investment cap at €15m.

The company's new CEO, Corrado Franchi, and existing shareholders led by the Bandini family will retain the remaining 30% of the company.

Company
Founded in 1992 and based in Mairano, Brescia, Tattile develops, manufactures and sells machine vision and custom electronics systems in three main sectors: industrial automation, traffic management and railways. The firm also provides security and entertainment services, traffic management and on-board communication for the railway sector.

The industrial division of the firm develops inspection and automation solutions that aim to identify defective items early on in the production process, reducing unnecessary processing and improving energy and materials efficiency. The traffic management division includes number plate recognition technology used in speed limit enforcement.

The firm generates 50% of its revenues abroad and counts blue chip companies including Autostrade per l'Italia, Ansaldo Breda and Stadler among its clients.

People
Corrado Franchi will become CEO of the company as part of the transaction. The transaction was led by Ambienta partner Mauro Roversi, alongside investment manager Giancarlo Beraudo and junior associate Alessandra Dusi.

Advisers
Equity – NCTM (Legal); CBA (Tax); PricewaterhouseCoopers (Financial due diligence).
Company – Banca IMI (Corporate finance); Pedersoli e Associati (Legal).

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• Topics
• Southern Europe
• Industrials
• Buyouts
• Italy
• PricewaterhouseCoopers