The Brasilian listed company Indústrias Romi S.A. today announced the buying from Gruppo Riello Sistemi, one of the most important Italian Groups operating in the Machine Tools business, of the total shares of Burkhardt+Weber Fertigungssysteme GmbH for Euro 20,5 million in cash.

K Finance (part of Clairfield International), together with Clairfield Brasil, acted as financial advisor to Romi. Perdersoli Associati, Taylor Wessing and Veirano Advogados acted as legal advisors to Romi. Linklaters acted as advisors to Grupo Riello Sistemi.

“Burkhardt+Weber is a very well-managed, high-technology company”, said Livaldo Aguiar dos Santos, Romi CEO. “This acquisition of a leading premium machine tools company is consistent with our expressed strategy of growth through strategic acquisitions, strengthening our position on the global machine tools market. We fully anticipate the transaction will be accretive to our earning during 2012.”

“This transaction is an extraordinary opportunity to start a potentially rewarding relationship between Romi and our company in Europe, South America and last but not least in China where both will be able to increase their operatively thru a joined sales and service subsidiary in Shanghai,” said Mr. Andrea Riello, President and CEO of Gruppo Riello Sistemi.

“The union of Burkhardt + Weber and Romi fortifies both companies. Romi adds Burkhardt+Weber products to its machine tool range, which enhances its ability to offer premium machines with highest precision and produced in Germany to Romi customers in South and North America. Burkhardt+Weber, while maintaining its identity and operating autonomously in Germany, has the benefit of Romi’s strong financial resources and the excellent access to the large Romi customer base worldwide. Romi is going to support the investments necessary to make B+W even stronger. The strategic fit is truly a win-win situation for both companies,” Santos said.

Burkhardt+Weber, part of Gruppo Riello Sistemi for 10 years, has been profitable based on a constantly good backlog and a solid customer base due to its high reputation regarding performance and quality. Founded in 1888 and headquarters in Reutlingen, Baden-Württemberg, Germany, Burkhardt+Weber develops and manufactures large machining centers and special-purpose machines that perform customer-specific tasks with high precision. Its machines can be found in manufacturing applications, including marine, commercial vehicles, tractors, electric motors, gearboxes and many other manufacturing sectors. Burkhardt+Weber has 193 employees, with manufacturing facility in Reutlinglen, Germany. It expects sales of approximately Euro 36 million for the 12 months ending March 31, 2012.