(Alliance News) - Interpump Group Spa announced Tuesday that it has acquired, through its subsidiary Inoxpa SAU, a 60 percent stake in Process Partners China Co., Ltd. and increased its stake to 60 percent in YRP Shanghai Flow Technology Co., Ltd. both entities operating in China.

The total price of the two transactions was EUR2.9 million.

Together the two realities in 2023 generated revenues of nearly EUR11million, with an Ebitda margin of about 10 percent and a positive NFP.

Process Partner was founded in 2015 and specializes in the production and sale of plants and complete solutions for the activities of the food sector, the dairy sector in particular, YRP Flow Technology was created in 2016 also thanks to the support of Inoxpa Group, to distribute components - valves, pumps and actuators - in China and represents the exclusive distributor of Inoxpa Group in the region.

"Through these transactions," the note reads, "on the one hand, the group enters the Chinese plant engineering market, and on the other hand, it expands the opportunities to contact end customers for its products by leveraging a local management structure that is perfectly familiar with the Group's products thanks to several years of common collaboration.

Current partners will continue to be involved in the companies' activities.

Fulvio Montipò, Chairman of Interpump Group, emphasized that "the strategic importance of this transaction is greater than its economic figure: it represents an important building block in the construction of a capillary network of presence of Flow Processing's activities worldwide, and in particular in Asia where the Group is verifying the interesting growth opportunities that exist."

Interpump Group's stock closed Tuesday down 0.4 percent at EUR43.90 per share.

By Chiara Bruschi, Alliance News reporter

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