GMM SpA, a portfolio company of Consilium SGR pA, has acquired Techni Waterjet Pty Ltd from its founders. Financial terms weren’t announced. Techni, of Melbourne, makes waterjet cutting solutions for the metal, glass and stone industries. Lincoln International advised GMM/Consilium.
Transaction highlights Lincoln’s leadership in the industrial sector and its ability to run complex cross border transactions
MILAN, ITALY – Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that GMM SpA (“GMM”), a portfolio company of Consilium Private Equity Fund III (“Consilium”), has acquired Techni Waterjet Pty Ltd (“TWJ” or the “Company”) from its founders. Terms of the transaction were not disclosed.
TWJ, headquartered in 1989 in Melbourne, is a leading manufacturer of waterjet cutting solutions for the metal, glass and stone industries. The Company, run by its two founders, employs approximately 60 people among Australia, Thailand and USA and reported a turnover of AUD 28 million as of June 2018.
GMM was acquired in 2016 by Consilium with the aim of supporting the growth both organically and through selected acquisitions. Lincoln was hired by GMM and Consilium to run an acquisition campaign to identify and contact potential targets to support GMM’s global market position and integrate its product portfolio.
The acquisition of TWJ, in addition to providing strong industrial and commercial synergies between the two companies, will specifically target the development of water-cutting machinery in the stone materials sector, benefiting from the widespread distribution network of GMM in the world.