January 25, 2024
Translink Corporate Finance Italy acted as the advisor to the Pedrollo Group on the acquisition of PM Srl. The team was led by David Strempel (Partner & Chairman) and supported by Gerardo Dal Piva (Partner) and Riccardo Vito (Analyst).
Pedrollo Group, one of the world’s leading electric water pump producers with headquarters in Italy, has acquired a majority stake in PM Srl. (PM), an Italian company based in Brendola (Vicenza), specialised in the production of submersible motors.
In 2023, PM achieved revenues of some 22 million euros. It represents the third consecutive acquisition by Pedrollo that was advised by Translink after the 2020 acquisition of U.S.-based Superior Pump and Spain’s Saci Pumps in 2022. This deal forms a part of the strategy aimed at further verticalising and internationalising Pedrollo’s business on a global basis. With the acquisition of PM, 2024 aggregate sales for the Group will exceed 500 million euros, contributing to the Group’s growth with a substantial doubling compared to 2019.
PM’s founder and CEO Marco Petrucci will remain a minority shareholder and continue to lead the company’s operations. He will be instrumental in consolidating the success and growth of the company within the Pedrollo Group. The acquisition will strengthen the Group’s capabilities and expertise in submersible motors and provide PM with a global platform to increase direct sales of its products.
Giulio Pedrollo, CEO of Pedrollo Group, said: “In this acquisition, Translink’s role was crucial in reinforcing the relationship of trust between PM and Pedrollo beyond their long-standing supplier-customer relationship and in identifying a future for PM that would be mutually beneficial for both parties.”
David Strempel commented: “We are happy to have been able to support the Pedrollo Group in this latest acquisition – the third as Pedrollo’s Advisor. Today the industrial Group is an established reality at national and international level, and we are confident that the growth process will continue in the coming years.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 36 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Strempel & Co. is the partner firm of Translink Corporate Finance in Italy composed of seasoned finance professionals who have matured extensive experience in a variety of sectors and disciplines within some of the most important players both nationally and internationally in industry, finance, and management consulting.