ITALY - J Hirsch acquires 65% of Panini
J Hirsch & Co through its fund ILP III has acquired a 65% stake in Panini a company specialising in payment systems.
The company’s R&D division are based in Torino while 97% of its sales originate abroad mostly from the US. According to reports future plans include expansion into the Brazilian and Italian markets.
This is J Hirsch second deal in a matter of weeks; the previous transaction was the acquisition of German Z&J Technologies, a manufacturer of industrial valves.
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