May 20, 2021 | Deals

GCA Altium advises Atos on the sale of Perucchini to Fonderie di Montorso, a portfolio company of Fondo Italiano d’Investimento

GCA Altium acted as exclusive financial advisor to Atos S.p.A. on the sale of a majority stake in Perucchini, a leader in the production of complex cast iron and steel components through shell moulding technology, to Fonderie di Montorso.

Perucchini was founded in 1948 and is headquartered in Verbania, Italy. The company is an Italian leader in the production of complex, high precision cast iron and steel components through shell moulding technology, which are used in the automotive, hydraulics and precision mechanics industries.

By acquiring Perucchini, Fonderie di Montorso have expanded their offering and are now European leaders in the sector. This is the fifth add-on made by Fonderie di Montorso in the past four years, having previously acquired Fondmatic (2017), Animisteria Fiorini (2019), Fonderia Scaranello (2020) and Evotech Hydraulics (2021). This latest acquisition is a key step in consolidating the process of moulding technologies and has added value for the mechanical process initiated by Fonderie di Montorso.

Commenting on the transaction, Andrea Carbonatto, CEO of Atos, said: “Perucchini is a leader in high-precision components that are developed and produced for the main players active in the automotive, hydraulics and precision mechanics sectors. This agreement with Fonderie di Montorso will allow Perucchini to further accelerate its growth and consolidation project, and confirm its role of Italian excellence in mechanics, serving its Italian and international customers even better.”

Elaborating on the transaction process, Carlo Dawan, Managing Director at GCA Altium, added: “I am delighted to have supported the shareholders in facilitating the next stage of the Perucchini and Fonderie di Montorso growth story. With this acquisition, Fonderie di Montorso becomes the European leader in melting technologies for hydraulics and precision mechanics markets. We will continue to support the Group in its consolidation strategy.”

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