Emak SpA : Emak Group: agreement signed by the controlled company Comet U.S.A. for the acquisition of the 90% of Valley Industries LLP

Press release

Emak Group: agreement signed by the controlled company Comet U.S.A. for the acquisition of the 90% of Valley Industries LLP

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Bagnolo in Piano (RE), 3 February 2012 - EmakS.p.A. announces that today Comet U.S.A., the american controlled company of Comet S.p.A., in its turn controlled by Emak, has signed the agreement for the 90% of the share capital of Valley Industries LLP.

Established in 2003 with registered office in Minnesota (U.S.A.), Valley Industries distributes a wide range of products, components and accessories for Industrial and Agriculture sectors, including Comet's diaphragm pumps, with a widespread distribution network in the entire area of North America. Valley Industries closed the financial year 2011 with a turnover of around $ 19 million, an EBITDA of around $ 2.9 and a net financial position of around $1.9 million.

The operation fits in the Emak Group's growth strategy, since this acquisition will permit to accelerate the development of the business in the north American market through the achievement of important operating and commercial synergies not only for Comet, but also the for the other product lines commercialized by the Emak Group as a whole.

The value of Valley Industries has been contractually determined in $16.6 million. Therefore the price for the 90% of the company object of acquisition is determined in $15 million. Jeff Savage, General Manager and co-Founder of the company, will hold the remaining 10%. The closing of the operation is expected for February 7th, 2012. At the closing date will be made the payment for the 95% of the above defined value, while the remaining part will be subject to adjustment on the basis of the financial statement at 31 December 2011.

Today's agreement also provides the stipulation of a "Put and Call Option Agreement" that will allow Savage to exercise an option for the sale of his 10% to Comet U.S.A. at a determined price at the end of the 5th year following the closing. If the abovementioned option won't be exercised there would be a Call option for Comet U.S.A. at the same conditions.

The acquisition by Comet U.S.A. will be financed using the credit lines held by the parent company Comet S.p.A..

The inclusion of the target company within Comet U.S.A. scope of consolidation will take effect from the closing date of the acquisition.

The operation doesn't reach the he conditions of materiality provided for by art. 71 of Consob's Regulations for Issuers.

For additional information:

Mr. Andrea La Fata

Investor Relator

Phone [phone]; Fax [phone]

[e-mail]; www.emak.it

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Emak is one of the top European operators in the manufacture and distribution of outdoor power equipment for gardening, forestry, agriculture and construction such as brush cutters, lawnmowers, chainsaws, motor hoes and power cutters. Emak operates worldwide with the brands Oleo-Mac, Efco, Victus, Bertolini and Nibbi, offering a full range of products broken dowm in 23 product families and over 240 models. The Group distributes its products through 9 commercial branches and a network of nearly 20,000 dealers in more than 80 countries in all five continents. In 2010 the Emak Group realized a total turnover of € 206.8 million and counted around 1,000 employees .The parent company Emak S.p.A. has obtained the following certifications: Quality ISO 9001, Ethical SA 8000 and Environmental ISO 14001.