M&A Deal Summary

Nova Ventures Group Acquires Controls

On December 19, 2019, Nova Ventures Group acquired test/measurement equipment company Controls from Wise Equity

Acquisition Highlights
  • This is Nova Ventures Group’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Nova Ventures Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2019-12-19
Target Controls
Sector Test/Measurement Equipment
Buyer(s) Nova Ventures Group
Sellers(s) Wise Equity
Deal Type Add-on Acquisition

Target

Controls

Milan, Italy
Controls S.p.A. is focused on production of testing equipment for the construction industry with more than 4.000 products in three business areas including concrete and cements, asphalt and bituminous mixtures, and soil and rocks. Controls was formed in 1968 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Nova Ventures Group

Wakefield, Massachusetts, United States

Category Company
Sector Test/Measurement Equipment
DESCRIPTION

Nova Ventures Group Corp. is a combination of a quality test, measurement, and sensor companies Nova Analytics, Nova Technologies, Nova Metrix, and Nova Instruments. Nova Analytics is a developer and manufacturer of premium quality laboratory, field, and online analytical instruments for the water, environmental, food & beverage, pharmaceutical, medical, and industrial markets. Nova Technologies is a developer and supplier of technology-based flow monitoring products and services for the water, wastewater, and hydroelectric markets. Nova Metrix is a provider of geotechnical, environmental, and materials testing instruments, sensors, software, and consumables serving the structural health, construction, civil engineering, energy, and medical markets. Nova Instruments is a provider of high-tech analytical instrumentation for a broad range of scientific and industrial applications serving the Aerospace, Automotive, Oil and Gas, and Renewable Energy markets among others.


DEAL STATS #
Overall 1 of 1
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Wise Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Wise SGR is a private equity investment firm that seeks middle-market buyout and growth capital investments primarily in Italy. Wise looks to invest €5 to €25 million in companies valued up to €75 million. Wise is a generlist investor and will consider opportunities in a variety of sectors, however the Firm has a preference for companies operating in capital equipment, manufacturing, and services. Wise SGR was formed in 2000 and is based in Milan.


DEAL STATS #
Overall 16 of 23
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 10
Country: Italy M&A 16 of 23
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Waycap

Mirano, Italy

Waycap is a provider in the design and manufacture of fashion accessories such as hats, bags & bag components, scarfs, and gloves. Waycap is based in Mirano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 Fimo Group

Cologno Monzese, Italy

Fimo Group is a manufacturer of cables and components for use in the broadcasting and telecommunications industries. Fimo Group was founded in 1933 and is based in Cologno Monzese, Italy.

Buy -