January 13, 2023
Pedrollo Group, one of the world’s leading electric water pump producers with headquarters in Italy, has acquired a majority stake in Bombas Saci S.A. (“Saci Pumps”), a Spanish company based in Barcelona (Granollers), specialised in the design, manufacturing, and distribution of swimming pool pumps.
Translink Corporate Finance in Italy and Spain acted as the exclusive M&A advisor to the Pedrollo Group on the acquisition of Saci Pumps. Translink’s cross-border team was led by David Strempel (Partner & Chairman) and Jeh Patel (Associate) for Translink Italy together with Oscar Llaudet (Partner) and Sergi Bernat (Senior Associate) for Translink Spain.
Saci Pumps’ revenues are projected to total some EUR 27 million in 2022. When combined with Pedrollo Group’s strong organic growth, the group is on the path to achieving revenues of some EUR 420 million.
Saci’s current Co-CEOs Francisco Casellas Solá and David Ferre Ferrer have retained their equity stakes in Saci Pumps and will continue to lead its operational management. They will be instrumental in consolidating the success and growth of the company within the Pedrollo Group.
The acquisition will strengthen the group’s penetration in the Iberian market and significantly expand the range of pool pumps offered to customers worldwide. Particularly significant will be the role of Superior Pump, the US company of Pedrollo acquired in 2020 (with Translink as advisor to Pedrollo), in facilitating the expansion of Saci Pumps in the world’s largest market for swimming pool pumps.
Giulio Pedrollo, CEO of Pedrollo Group, said, “I am delighted to welcome Saci Pumps to the group, which further reinforces its strategy of internationalisation. Together we will be able to leverage the group’s production and innovation capabilities as well as offer our widespread presence to strengthen Saci Pumps on the global market, particularly in the United States. At the same time, we will enhance the group’s market position in Spain, thanks to Saci’s service network and logistics structure. Once more I was impressed by the ability of Translink to facilitate this acquisition. It certainly had its own set of challenges when compared to the 2020 acquisition in the US. Like in the case of Superior Pump, there was a generational transition that Translink was able to help us navigate in all its complexity which resulted in two motivated manager stakeholders for Pedrollo.”
“Pedrollo is impressive in its ability to expand both through acquisition and strong organic growth. Importantly, its reputation precedes it as an innovative market leader sustained by a company culture based on family values that is very attractive to companies like Saci when considering a potential industrial partner,” concluded David Strempel, Partner, and Chairman at Translink Italy.
Contact our Team Members advising in this transaction:
Translink Strempel & Co. in Italy provides advisory services for corporate finance transactions (M&A, debt, fundraising, strategic consulting, and IPOs) thanks to a team that has gained articulated and multidisciplinary experience in some of the most important national and international institutions, industries, Corporate & Investment Banks, and management consulting companies.
Translink Corporate Finance Spain is the jewel of Iberian M&A firms. With more than 100 years of combined experience Translink’s five lead partners have successfully advised over 300 transactions in a variety of sectors including: packaging, IT, food, industry, logistics, agribusiness, pharmaceutical and retail among others.