TRAMEC ACQUIRES 100% OF VARMEC
9 january 2024
Tramec S.r.l. from Calderara di Reno (Italy) active in the design, production and marketing of gearboxes, led by CEO Leo Girotti, in the portfolio of IGI Private Equity since June 2021, continues its consolidation path with the support of IGI for the creation of integrated Italian excellence in the motion control sector.
After the acquisition of MT Motori Elettrici and Ber-Mar, Tramec created the third add-on, Varmec S.r.l. of Thiene (VI), of which it had owned a minority share since 2000.
With the acquisition of Varmec, the Tramec Group aims to reach 70 million in turnover, the basis for a further development path, both internally and through acquisitions, expected for the next few years.
Varmec has been active since 1980 in the production of coaxial reducers, pendulum reducers, mechanical and belt speed variators and in the production of direct current electric motors.
The Varmec product range fits well with that of the Tramec group, allowing us to take a further step towards the strategic evolution of the group from a supplier of complete and integrated products (gearboxes) for motion control.
Waldi Franzon will remain at the helm of Varmec, supported by Leo Girotti, with the aim of ensuring continuity in relationships but also integration with Tramec.
Leo Girotti commented on the acquisition: “I am very happy to confirm and further consolidate the role of Varmec in the Tramec family, with the purchase of control we intend to support the company in its future development, trying to capture product, commercial and organizational with the rest of the Group”.
Waldi Franzon added: “I think it is an important step for Varmec. Becoming part of a solid, important group recognized by the international market will only trigger new synergies that will certainly give impetus to new projects for common growth”.
IGI is a company active in the management of Private Equity funds specialized in investments in small and medium-sized Italian manufacturing companies through majority operations. The Tramec Group is the fourth investment of the IGI Investimenti Sei fund for which IGI has raised 170 million euros.
Cerina Studio Legale worked on the deal for Tramec for legal support.
