Global leader in the production of non-standard custom-made steel profiles for well differentiated industrial applications, some of them in continuously growing industries (material handling / forklift masts, automation / linear guides, aerospace, etc.).
Largest global independent manufacturer of masts and front-end solutions for the forklift truck segment of the material handling industry.
€250m in aggregated revenues (€350m including the German subsidiary) and c. €24m in adjusted EBITDA in 2019 (€20m including the German subsidiary).
Independent management team in each subsidiary and cross-coordination at holding level.
Possibility of increasing volumes resulting from growing demand for special automation and material handling solutions (as a result of the digitalization of logistics/manufacturing processes), as well as from the trend of outsourcing for forklift masts and special components.
Important upsides coming from the growth of the civil aeronautic sector, specifically for what concerns the Boeing 787 and AirbusA350.
Significant cost efficiencies plan and creation of synergies to lower the break-even point.
High barrier to entry for plants replacement costs/€8m expected CAPEX per year
German subsidiary undergoing a turnaround process with potential significant improvement in terms of fixed costs structure.