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  • Buyouts

ITALY - Siparex Italia and Emerald invest in Vimec LBO

  • Guy
  • 23 March 2006
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Siparex Italia has recently participated in the buyout of the world’s third-largest manufacturer of elevating equipment for the mobility impaired, alongside the fund Emerald. Siparex Italia has invested EUR 1.5m in a majority LBO that was completed on 7 February.

Vimec, founded by Pier Franco Linari in 1980, is located in Reggio Emilia (northern Italy). It designs, assembles, and commercializes accessibility solutions for the mobility impaired, for use in public buildings, medical facilities, and residential premises. It quickly established itself as a major player in this niche market thanks to innovative technologies developed by its engineering department, as well as to its dynamic sales teams and efficient network of installers and technicians. The quality and reliability of installed solutions, and the geographic coverage of its distribution and technical assistance network, have ensured the company’s leadership in Italy and around the world.

Since its inception, Vimec has enjoyed consistently strong growth fueled by innovation and research, which are expected to continue in the years ahead, in line with population aging and EU policy developments. The company, which is solidly established in Europe and Asia, has a high level of profitability on sales of nearly EUR 40m in 2005, up from EUR 25m in 2000. It currently employs nearly 160 staff.

The management team’s strategy is based on new product launches, growth in traditional markets (mainly Europe and Asia), and the possibility of targeted acquisitions.

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