With these two acquisitions, the group’s turnover aims at 50 million euros
Test Industry, a company in the portfolio of the fund IGI Investimenti Sei, enters the German market by acquiring 100% of two companies: TS TestingService and TS Gim GmbH, both of the group TS Group GmbH.
With this double operation, Test Industry is increasingly a point of reference in the international market for the design and production of test benches for industrial, end-of-line and laboratory testing, with particular focus on the hydraulics, mechanics, automotive and aerospace sectors.
In addition, thanks to the two acquisitions, the group’s turnover will be upwards of 50 million euros, compared to about 35 million made in 2021, as well as consolidating the strategic value of the group in automotive and aerospace testing: the test benches for transmission shafts, the core business of TS GiM, will expand the Bimal product range, while the wheel and tyre test benches, the core business of TS TestingService, will reinforce and integrate the Leonardo product line positioning.
The transaction will also enhance the levels of Service and After-Sales offered by the Test Industry group to German customers, as well as strengthening the commercial presence in the Far East, in particular China, India and South Korea.
“The double acquisition will allow Test Industry to grow internationally and establish itself in new European markets” said CEO Paolo Mastrostefano. “Now we can focus on a greater reinforcement and organization of management so as to adequately support the company’s growth path”.
“The IGI fund, with the support of all the financial and industrial shareholders of the group, has always believed in the growth and enhancement of the company because it considers Test Industry as having the perfect know-how to become an Italian excellence abroad” commented Angelo Mastrandrea partner of IGI Private Equity and Group president. “Now the goal is to consolidate results and continue on the path of further growth, both internally and through new acquisitions”.