Intertraco, a leading Italian company in the design, manufacture and sale of hydraulic components for the transmission of pressurized fluids, acquired a majority stake in FLEXiN Group, a company specializing in the design and manufacture of fittings and assembled pipes for A/C (air conditioning) and industrial, mobile, and commercial refrigeration applications.

FLEXiN's founding partners, Mirco Giovannini and Marco Sorbi, will retain a significant minority stake and operational control of the company, accompanying it in this new phase of development alongside the new majority shareholder.

With this transaction, Intertraco enters the air conditioning and refrigeration components sector, expanding its range of products and services aimed primarily at large manufacturers of earthmoving and agricultural machinery. The combination with FLEXiN Group offers both companies significant opportunities for development, both commercially and industrially.

Intertraco was advised as financial advisor by the Mid Cap Advisory team of EQUITA, the Italian partner of Clairfield International, by Deloitte for financial and tax due diligence assistance, and by Russo De Rosa Associati for the definition of corporate aspects and contractual agreements. FLEXiN Group was assisted by RBHQ as financial advisor and by the Mazzoli Law Firm in Bologna for legal aspects.

Intertraco, founded in 1979 in Suzzara (Mantua, Italy) and owned by the Bertazzoni family, is a group specialising in the production and marketing of components for mechanical and hydraulic transmissions, in particular, flexible hose fittings, assembled hoses, quick couplings, adapters, swivel joints and valves for agricultural machinery, earthmoving, mining and industrial applications. The Group, which employs over 300 people, sells mainly on international markets with a strong focus on quality, innovation, and technical support for customers.

FLEXiN Group, founded in 2008 and based in Zola Predosa (Bologna, Italy), manufactures steel, aluminum, copper, brass, and stainless steel fittings, connected pipes and components for air conditioning and refrigeration. Its products are used in earthmoving machinery, agricultural machinery, construction, as well as in the transport, mining, naval and other sectors.