M&A Deal Summary

Barnes Group Acquires Gimatic Srl

On September 20, 2018, Barnes Group acquired machinery company Gimatic Srl from AGIC Capital for 370M EUR

Acquisition Highlights
  • This is Barnes Group’s 5th transaction in the Machinery sector.
  • This is Barnes Group’s 2nd largest (disclosed) transaction.
  • This is Barnes Group’s 2nd transaction in Italy.

M&A Deal Summary

Date 2018-09-20
Target Gimatic Srl
Sector Machinery
Buyer(s) Barnes Group
Sellers(s) AGIC Capital
Deal Type Add-on Acquisition
Deal Value 370M EUR

Target

Gimatic Srl

Roncadelle, Italy
website
Gimatic Srl is an end-of-arm tools manufacturer, providing a complete offering of pneumatic gripper solutions (grippers, actuators, linear guides and quick exchangers), mechatronic solutions, and various sensors for automation and grippers to the automotive, packaging, food and beverage, plastics, medical and pharmaceutical industries. Gimatic Srl is headquartered in Roncadelle, Italy.

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Buyer(S) 1

Buyer

Barnes Group

Bristol, Connecticut, United States

website


Category Company
Founded 1857
Sector Manufacturing
Employees5,200
Revenue 1.3B USD (2022)
DESCRIPTION

Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group was incorporated in 1857 and is based in Bristol, Connecticut.


DEAL STATS #
Overall 21 of 22
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 14 of 15
Country (Italy) 2 of 2
Year (2018) 2 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Industrial Gas Springs Group Holdings

Surrey, United Kingdom

Industrial Gas Springs Group Holdings Ltd. is a designer, manufacturer and supplier of customized gas springs. Industrial Gas Springs Group Holdings is based in Surrey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 MB Aerospace

Motherwell, United Kingdom

MB Aerospace is a provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers. MB Aerospace was founded in and is based in Motherwell, Scotland.

Buy $740M

Seller(S) 1

SELLER

AGIC Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2015
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.


DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 The Ritedose

Columbia, South Carolina, United States

The Ritedose Corp. is a manufacturer of blow-fill-seal(BFS) of small fill volume pharmaceutical unit dose sterile and non-sterile liquids. Company specialize in manufacturing inhalation products, eye drops, eardrops and unit dose oral liquids.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Farsound Aviation

Essex, United Kingdom

Farsound Aviation is an aerospace parts distributor focusing on C-Class, B-Class, and other fast-moving consumable parts to the aerospace sector. Alongside long-term sourcing agreements, Farsound also provides value-added services such as kitting and customer consignment. Farsound Aviation was founded in 1986 and is based in Essex, United Kingdom.

Buy £115M