Euromeccanica-Mevis agreement

Euromeccanica-Mevis agreement

Company representatives
The Euromeccanica Group announces it has signed an agreement with the Mevis Group aimed at aggregating their industrial activities, and entailing the purchase of all Euromeccanica Group activities belonging to the “Metalforming Division” by Mevis SpA.

This agreement creates a group with consolidated revenues amounting to over 140 million Euro, 15% EBITDA and nearly 800 employees. The goal of the newly created Group is to achieve a turnover of 200 million Euro by 2020, by further acquisitions - even in the United States - before being listed in the Stock Market.

«Today, a Group stronger than the sum of the single realities of which it is made up has risen. A Group with its roots firmly anchored to this territory, with our gaze fixed on the world. An industrial reality capable of creating new jobs and development, promoting personal growth, and building a positive aggregation model, by becoming the undisputed protagonist of our reference markets», say the shareholders.