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AUCTUS acquires Comesvil S.p.A.
AUCTUS acquires Comesvil S.p.A. as the first step in building a leading European railway and metro infrastructure group.
The transaction
AUCTUS Capital Partners is thrilled to announce the acquisition of Comesvil S.p.A., marking the first step towards establishing a prominent group specialized in supplying services and products for signalling, telecommunications, and electrical systems for railway, metro, and road infrastructures.
Comesvil S.p.A. is one of the leading Italian provider of installation services, maintenance and engineered solutions, for signalling and telecommunication systems for railway and metro infrastructures. The company partners with railway and metro infrastructure operators and collaborates with the largest players in the industry on an international level, such as Hitachi and Alstom. With approximately EUR 40 million in revenues expected for 2023, Comesvil ranks among the main players in Italy in its sector. The company has sites in Italy, Denmark and the Middle East (UAE and Saudi Arabia) but has also the know-how and capability to undertake large infrastructural projects worldwide (as demonstrated by its track record of large projects all over the world, such as Greece, India, Peru and Taiwan).
The acquisition of Comesvil represents for AUCTUS the 30th deal in Italy since 2007, and brings us to 6 Italian platform companies currently in portfolio.
AUCTUS’ strategy in the railway and metro infrastructure market
After extensive research within the european mobility industry, AUCTUS believes there is large potential to create a pan-European group with the capacity to offer high standards engineering services, installation services, and technological products for railway, metro, and road infrastructures.
The European railway and metro market is dominated by a handful of international players capable of delivering a full range of products and services to european transport infrastructures, acting as general contractors. However, it is also characterized by numerous small and medium-sized enterprises (often family-owned) that focus on delivering a limited range of high standard services and products through these large general contractors. The ongoing standardization of railway safety protocols across Europe, specifically the introduction of ERTMS (European Rail Traffic Management System), represents a big change in the industry and presents unique opportunities. AUCTUS sees the potential to aggregate these small and medium-sized national excellences, opening the door to cross-border synergies among the companies of the group.
What we seek
The group’s primary focus will be on Europe, but we are open to expanding our reach internationally for the right companies. We aim to create a group of companies specialized in:
- the production of signalling, telecommunication and electrification components and systems for railway, metro, tram, and road infrastructures
- supplying of engineering and installation services for signalling, telecommunication, and electrification systems for railway, metro, tram, and road infrastructures.
Our initial target markets include DACH region, France, Italy, Spain, Denmark, and Eastern European countries.
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About AUCTUS
AUCTUS is the most active investment company for small- and medium-sized companies. With nearly 400 investments in the last 22 years, we are the definite No. 1 in Germany. Our successful work is regularly rewarded with prestigious awards and top international rankings. The focus of our investments is on majority holdings in companies with annual sales of between EUR 10 million and EUR 150 million. AUCTUS stands for sustainable organic and also inorganic growth by acquisitions. We achieve this in a trustful partnership together with the management of our companies. We are specialized in building successful medium-sized company groups – We create market leaders. The more than 35 experienced AUCTUS investment experts currently manage around 47 platform investments from various sectors of the economy. The sum of the platform investments with a total of more than 150 individual companies achieves annual sales of far more than € 2 billion. Sales and results are growing at >10% per year.