Wise SGR and private investors acquired 100% stake in Controls Group from the Abacus fund and other shareholders

Fineurop Soditic acted as financial adviser to Wise SGR S.p.A. and private investors (Di Iorio and Emdin families) in the acquisition of 100% stake in Controls Group from the Abacus fund and a group of long-term shareholders.

Company
Controls Group
Transaction
Sector
Activity
Construction materials testing equipment
Date
Country
Italy

Controls Group, based in the outskirts of Milan, is a world leader in equipment for construction materials testing with a presence in more than 100 countries. The Group generated a turnover of over €40 million and employs approximately 135 people, 50% of whom abroad at Controls’ own subsidiaries in France, Great Britain, Spain, Poland, Iraq, Mexico and the U.S.A., as well as at the headquarters of IPC Global, an Australian company in which it holds a stake. The project involves the development of the Group, together with current management, through investments aimed at both internal growth, with expansion into underserved markets – in particular the U.S.A. - as well as through acquisitions of complementary and synergistic companies. This acquisiton is a significant step in the nearly 50-year history of Controls. Wise SGR’s entry in the Controls group creates optimal conditions for more rapid development, as well as the conditions for further growth of the management team to complete the planned generational changeover.