Industrial testing, Test Industry acquires TS TestingService and TS Gim

Test Industry, a company in the portfolio of the fund IGI Investimenti Sei (IGI Private Equity), enters the German market by acquiring 100% of two companies: TS TestingService GmbH and TS Gim GmbH, both companies of the TS Group GmbH.

With this double operation, Test Industry is increasingly a point of reference in the international market for the design and production of test benches for industrial testing, end-of-line and laboratory testing, with particular focus on the hydraulics, mechanics, automotive and aerospace sectors.

Thanks to the two acquisitions, the group’s turnover will be upwards of 50 million euros, compared to about 35 million made in 2021, as well as consolidating the strategic value of the group in automotive and aerospace testing: the test benches for transmission shafts, the core business of TS GiM, will expand the Bimal product range, while the wheel and tyre test benches, the core business of TS TestingService, will reinforce and integrate the Leonardo product line positioning.

The transaction will also enhance the levels of service and sfter-sales offered to German customers by the Test Industry group, as well as strengthening the commercial presence in the Far East, in particular China, India and South Korea.

“The double acquisition will allow Test Industry to grow internationally and establish itself in new European markets – said Paolo Mastrostefano, CEO of Test Industry -. Now we can focus on a greater reinforcement and organization of management so as to adequately support the company’s growth path”.

“The IGI fund, with the support of all the financial and industrial shareholders of the group, has always believed in the growth and enhancement of the company because it considers Test Industry as having the perfect know-how to become an Italian excellence abroad – commented Angelo Mastrandrea  partner of IGI Private Equity and Group president -. Now the goal is to consolidate results and continue on the path of further growth, both internally and through new acquisitions”.

Test Industry (IGI Private Equity) was assisted by LABS Corporate Finance as buy-side advisor; PwC provided the financial due diligence; Goetzpartners provided the business due diligence; legal assistance and due diligence from Pinsent Masons; fiscal assistance and due diligence from Flick Gocke Schaumburg; Dentons assisted the sponsor banks. The banks involved were Cariparma, as agent bank, and BPER Banca.

Following the operation, the investment vehicle Thalia, with the shareholders IGI Investimenti Sei and BNG Holding, holds around 42% of the share capital of Test Industry, Equilybra and GMN hold 18% and 23% respectively, while the management have a 17% share.

Test Industry was established in 2017 from the integration of two realities, Bimal S.r.l. (Perugia) and Leonardo S.r.l. (Brescia), active in the industrial testing sector. The group produces a wide range of products, including leak, resistance and dimensional control test benches for testing broad-spectrum mechanical components, rims and tyres for the automotive sector, as well as test benches for impulse, burst, functional and endurance tests, mainly aimed at the heavy duty automotive sectors, agricultural vehicles, earthmoving vehicles, construction and aerospace.

Contenuti correlati

• Synergies in high pressure pumps, Udor acquires Hughes Pumps Ltd.

  The Rubiese company Udor, a global manufacturer of diaphragm pumps and piston pumps, has acquired the English company Hughes Pumps Ltd. Hughes has been producing high pressure piston pumps since 1970 and boasts a range of very...
• 
  AI and data science in machine vision, wenglor acquires deevio

  With the acquisition of software developer deevio, the wenglor sensoric group, based in Tettnang, Germany, is gaining greater know-how in artificial intelligence (AI) and data science while also creating new opportunities for future innovations in the field...
• 
  Acquisition in hydraulic cylinders for Duplomatic MS in Germany

  Duplomatic MS Spa, a company within the Daikin Group, announces a significant development in Germany: Günther Till GmbH & CO. KG, a well-known German cylinder manufacturer and already a part of Duplomatic MS since December 2021, has...
• 
  Dürr invests in the know-how of Italian CPM in the final assembly

  The German Dürr Group has consolidated its presence in Italy by finalizing the acquisition of the Turin-based subsidiary CPM S.p.A. The Beinasco-based company, which over the years has become a global reference point in the realization of...
• 
  Vigel acquires vertical turning machines line from Gildemeister

  Vigel Manufacturing Technologies, an Italian company operating in manufacturing technologies for the industrial sector and globally recognized among the pioneers of Multi-spindle machining centers technology, has announced the acquisition of ‘CTV 3rd Generation’ product line from the...
• 
  Digital distribution, RS Group completes acquisition of Distrelec

  RS Group plc, a global provider of product and service solutions, expands its presence in continental Europe with the acquisition of Distrelec, a high-service, digital-led distributor of industrial and maintenance, repair and operations (MRO) products, for a...
• 
  Metrology and inspection in semiconductors, Marposs acquires Solarius

  Marposs, the Italian company specialized in measurement and process monitoring technologies, announces the acquisition of Solarius Development, a leading provider of high-tech manufacturing solutions for the consumer electronics and semiconductor industry. Both segments are of strategic importance...
• 
  CNC plasma and waterjet cutting, Esab acquires Swift-Cut

  To grow its leadership in the global fabrication, cutting equipment and consumables markets, Esab has acquired Swift-Cut, a leading manufacturer of light industrial CNC plasma and waterjet cutting machines based near Birmingham, England. “Swift-Cut solutions enable fabricators...
• 
  Vacuum automation, Coval joins the Piab Group

  Coval has decided to join the Piab Group. Coval is a major global player in vacuum automation components and systems. With more than 35 years of history, Coval adds a solid portfolio of premium products, highly experienced...
• 
  Compact hydraulics, Bosch Rexroth completes HydraForce acquisition

  Bosch Rexroth announces the completion of the acquisition of hydraulics specialist HydraForce , a company based in Lincolnshire, Illinois (USA). The operation was announced in July 2022 and strengthens Bosch Rexroth’s footprint in North America and expands...