IMAP is pleased to announce that shareholders of FEG Brivio agreed to sell a 60% stake to Zoeller - Kipper GmbH. The shareholding families that founded FEG Brivio will continue to hold stakes in the company and the CEO will also remain in place. The partnership will allow both companies to jointly expand their range of services and customer base.
FEG Brivio is the leading Italian company in the production of special vehicles for waste collection. The company has three production plants and employs over 550 people in Italy and several other European countries.
Zoeller is one of the leading suppliers of lift systems and waste collection vehicles in Europe. Based in Germany, the company employs 1,700 employees in six countries and generated annual turnover of €270 million in 2018. Zoeller is part of Kirchhoff Ecotec, the environmental division of the Kirchhoff Group, with approximately 13,000 employees and an annual turnover of €2.15 billion in 2018.
The team from IMAP Italy (Vitale&Co.), led by Riccardo Martinelli, advised FEG Brivio’s shareholders through the entire process.
Lasting 4 days and bringing together more IMAP members across the globe than ever before, the conference theme encompassed the 4 C’s: Commitment, Collaboration, Connection and Culture, all fundamental in the IMAP partnership’s continued success.
The acquisition of the zinc recycling division by the industry-experienced consortium enables HMG to benefit from its market knowledge and operational expertise and thereby to develop over the long term.
IMAP closed 117 M&A deals worth over $4.5 billion during Q1-Q3 2020, 31% of which were cross-border. Deals were closed across 15 different sectors, with Technology and Industrials being the most active.