EQUITA assisted IMR Automotive

K Finance - Mid-market M&A advisory
IMR Automotive
IMR Automotive

IMR Automotive S.p.A. (“IMR”), a world-class supplier in the manufacturing of exterior parts for the automotive and truck industry, has acquired 100% of Sommer Industrielackierung GmbH (“Sommer”), a German company active in the painting business, mainly for the automotive sector, with 2013 sales in the range of Euro 15 Million.

The transaction, with an enterprise value in the range of Euro 5 Million, forecasts the presence of the former shareholders of Sommer as managing directors of the company.

IMR’s growth strategy is based on an ambitious industrial plan of international acquisitions. Throughout the acquisition of Sommer and the internal growth, the Italian group expects to reach a consolidated turnover in the range of Euro 170 Million in 2014.

For IMR Automotive S.p.A., K Finance and Syncap Management, both partners of Clairfield International, acted as financial advisor and Haver & Mailander as legal advisor.

Matteo Galmarini, shareholder of IMR and Chief Financial Officer of the Italian group said: “We are very satisfied to have acquired Sommer, which will allow us to cover more efficiently the German market and to widen our offer. We are considering an expansion of the German plant and with the assistance of K Finance, our advisor, a further acquisition in Europe”.

The transaction in a nutshell

2014 02 Tombstone IMR Sommer

Throughout the acquisition of Sommer and the internal growth, the Italian group expects to reach a consolidated turnover in the range of Euro 170 Million in 2014

Client:
IMR Automotive Spa
Date:
February 2014
Mandate:
Acquisition of Sommer by IMR Automotive
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

IMR offers as “tier 1” services and products to the most prestigious car manufacturers in the world, employing approximately 1,300 workers in four different plants located in Northern Italy (3) and in Spain (1), with 2013 sales in the range of Euro 135 Million and an Ebitda margin almost less than 10%.