The GMM Group is present in 90 countries, operates with 9 commercial subsidiaries worldwide, 6 production plants in Italy and one in Thailand, and approximately 450 employees. The sellers are the Consilium Private Equity Fund III and the FGL Holding. The provisional value of the deal of was approximately 72 million euros (Equity value).
The closing of the deal is expected by 15th February 2024 and is subject to the fulfilment of specific suspensive conditions in line with normal market practices for such operations. This operation, in line with Biesse’s strategic plan that provides for growth also through acquisitions, will increase the product portfolio of the stone-working, glass-working and other materials’ processing segments by integrating the technologies of a leading company in these productions.
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