Sacmi has acquired a majority stake in Abruzzo-headquartered Velomat, a producer of assembly machinery for caps, micro-pumps and medical devices, for an undisclosed figure.
Sacmi says that the acquisition of a 70% stake in Velomat will expand and diversify its business in the face of recent regulatory, product and market developments.
According to Sacmi, the agreement also includes an option for Sacmi to acquire a full stake in Velomat in the future.
Velomat’s existing client base is predominantly based in the European market, and the company mainly operates as a customised prototyping specialist.
However, Sacmi states that by joining Sacmi Group, Velomat will be able to standardise its product range and aim it at a broader audience by targeting the global market and leveraging Sacmi Group’s sales and production network.
President of Sacmi Imola, Paolo Mongardi, said: “Is evolving towards multi-line and multi-material solutions that require careful assessment of the technology package in order to meet production requirements.
“Rising to that challenge will involve research into both new materials/solutions and component assembly: and when it comes to the latter, Velomat is just the firm we’ve been looking for to help implement our growth strategy.”
© FoodBev Media Ltd 2020