Lucchini S.p.A., one of Italy's leading steelmaking groups, has sold 100 % of the capital of BFM (Bari Fonderie Meridionali S.p.A.) to DT - Výhybkárna a strojírna AS, a Czech company specializing in the design and production of railroad switches, with a turnover of about 45 million euros. K Finance, together with the Czech partners of Clairfield International, served as advisor to DT. 

It has a turnover of about 15 million euros and about 100 employees.

Bedrich Grulich, President of DT - Výhybkárna a strojírna AS said: ´We are pleased to have acquired BFM, a company of excellence in the field of manganese heart production, which complements our rail switch production and enables us to aim for an increasingly qualified presence in the European and international markets´.

Marcello Calcagni, CEO of Lucchini Group, said: ´This sale will guarantee BFM a prospect of consolidation and development within a group such as DT that is establishing itself as one of the most qualified and active groups in the railroad switch sector and will allow Lucchini to focus on finding an industrial and strategic partnership for its other Italian sites (Piombino, Trieste, Condove and Lecco)´.

For DT, K Finance and Patria Corporate Finance, partners of Clairfield International, acted as financial advisor, the firm BLF as legal advisor. Lucchini was assisted by the firm Dandria as legal advisor.

BFM, formerly Breda Fucine Meridionali, has been in business for 50 years and is Italy's leading manufacturer of fixed railway equipment. It has a turnover of about 15 million euros and has about 100 employees.

DT - Výhybkárna a strojírna AS is a Czech company specializing in the design and production of railroad switches, with a turnover of about 45 million euros.