04 ott 2024
Gefran, having exited the drive business by selling it to Weg for approximately 23 million euros, is now channeling its efforts into expanding its core sectors of sensors and automation.
The company plans to utilize its cash reserves to pursue significant acquisitions, targeting European and North American companies with revenues between 10-20 million euros.
These acquisitions aim to enhance Gefran's market presence and product portfolio.
Despite a slight decline in revenue in the first half of the year, the company remains committed to growth through M&A, focusing on digitalization and AI as key growth drivers.
Gefran has recently completed its exit from the drive business, selling it to the Brazilian company Weg for around 23 million euros.
This strategic move allows Gefran to focus on its core business areas: sensors and automation.
With 23.6 million euros in cash, the company is actively seeking significant acquisitions to support its growth.
CEO Marcello Perini confirms that Gefran is evaluating various opportunities, primarily in Europe but also considering North America.
The target is companies with a turnover of 10-20 million euros, which would enable Gefran to enter new industrial markets or enhance its product offerings.
The acquisition strategy is intended to be sustainable and rational, avoiding any extraordinary operations that might lead the company away from the public market.
Despite a 4.2% decrease in revenue in the first half of the year, Gefran's order intake has increased, driven by the sensor business.
The company remains focused on growth through mergers and acquisitions, with digitalization and artificial intelligence as key areas of interest.
Gefran is also exploring the digital twin concept and has acquired a minority stake in the startup Raw, which specializes in innovative technologies.
This move aligns with Gefran's strategy to enhance factory customization and robotization.