M&A Deal Summary

Biesse Acquires GMM Group

On December 22, 2023, Biesse acquired machinery company GMM Group from Consilium Sgr for 87M EUR

Acquisition Highlights
  • This is Biesse’s 1st transaction in the Machinery sector.
  • This is Biesse’s largest (disclosed) transaction.
  • This is Biesse’s 1st transaction in Italy.

M&A Deal Summary

Date 2023-12-22
Target GMM Group
Sector Machinery
Buyer(s) Biesse
Sellers(s) Consilium Sgr
Deal Type Add-on Acquisition
Deal Value 87M EUR

Target

GMM Group

Gravellona Toce, Italy
website
GMM Group is an international brand that produces bridge saw machines for stones. The company has two production plants in Italy and two foreign branches to serve the North America and the Asia Pacific markets. GMM Group is based in Gravellona Toce, Italy.

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Buyer(S) 1

Buyer

Biesse

Pesaro, Italy

website


Category Company
Founded 1969
Sector Machinery
Employees3,965
Revenue 822M EUR (2022)
DESCRIPTION

Biesse is a designer and manufacturer of machinery equipment used to process a variety of materials including stone, wood, glass, and other materials. Biesse sells through and operates a global network of facilities serving customers worldwide. Biesse was formed in 1969 and is based in Pesaro, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Consilium Sgr

Milan, Italy

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 341M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Consilium is a private equity firm focused on small to mid-sized Italian companies. Consilium prefers to make majority investments and generally targets businesses generating €20 to €80 million in revenues. Prospective companies typically have strong management and a clear 'path to exit'. Consilium was formed in 2005 and is based in Milan.


DEAL STATS #
Overall 10 of 10
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 5 of 5
Country (Italy) 10 of 10
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Music Center s.r.l.

Gardolo, Italy

Music Center is a producer of components and accessories for musical instruments and is a strategic partner of all the major musical instrument manufacturers and specialized retailers on a global scale. Music Center was formed in 1974 and is based in Gardolo, Italy.

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