Wise Equity acquires aerial lift manufacturer Almac through their €260m Wisequity V fund

Wisequity V fund has acquired a majority stake in Italian tracked carrier and aerial lift manufacturer Almac.

Co founder Andrea Artoni will maintain a stake in the business and will take over as chief executive – he is currently general manager.

Co founder and chief executive Pietro Agosta Del Forte will sell his equity and exit the business.

Almac, which also uses the Alma Crawler branding, revenues for 2022 are forecast to be in the region of €28m, a strong increase on last year. 

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

The future strategic plan, formulated by the management team with Wise Equity, is to strengthen the company’s internal structures and expand the product range, with a focus on the rental market worldwide, while also “seeking opportunities for potential synergic acquisitions”. 

Artoni said: “Thanks to a deep knowledge of the market, a growth strategy focused on product quality and innovation, and a strong, young team with exceptional qualities, our group has achieved important results in just a few years. Now it is the time to consolidate what has been achieved so far, strengthen the management structure and accelerate growth also by evaluating opportunities for future acquisitions. For this reason, we have joined forces with Wise Equity, a partner that has already gone through many successful acquisition projects in adjacent sectors, enabling their portfolio companies to achieve important growth targets”.

The investment in Almac is the sixth transaction by Milan based Wise Equity’s €260m Wisequity V fund.

Source: Vertical Press

Can’t stop reading? Read more