EQUITA assisted SITI B&T Group

K Finance - Mid-market M&A advisory
SITI B&T Group 1920x1080
SITI B&T Group 1920x1080

SITI B&T Group S.p.A. acquired a 75% stake in Diatex S.p.A., a company that produces tools for squaring, cutting and for finishing finished products in the ceramic, natural stone and glass sectors.

K Finance (Clairfield Italy) acted as financial advisor to Siti B&T Group, assisted on the legal and due diligence side by SCOA.

The acquisition of Diatex is part of the Siti B&T Group’s strategy to expand the range of products and services offered to its customers and to grow in highly profitable market segments.
The transaction also has a strong synergistic value both in terms of development of new finishing technologies for B&T Sites and growth in international markets by Diatex, benefiting from the global network of the purchaser.

The transaction in a nutshell

2020 01 Tombstone SITI Diatex

The acquisition of Diatex is part of Siti B&T Group's strategy to expand the range of products and services offered to its customers and to grow in highly profitable market segments.

Client:
SITI B&T Group
Date:
January 2020
Mandate:
SITI B&T Group S.p.A. acquired a 75% stake in Diatex S.p.A.
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Siti B&T Group is a leading supplier of technology and complete systems for the ceramic tile and sanitaryware industry worldwide, listed on the AIM Italia market (Ticker: SITI) and with a turnover of approximately 200 million euros.

Diatex, founded in 1996 and based in Vicenza, is a company active in the production of diamond tools for cutting and finishing tiles, natural stone and glass; in 2019 the company achieved about 10 million turnover with an Ebitda of about 15%.