Transaction details
Niccons
Ethica Global Investments acquired a majority stake in Niccons Italy through the subsidiary GIA
Ethica Global Investments (EGI), through the portfolio company GIA, has acquired a majority stake in Niccons Italy S.r.l., an Italian company active in the production of technical accessories for air conditioning.
Niccons Italy S.r.l., based in Vicenza (VI) and founded in 1998, produces and markets accessories for air conditioning, in particular ducts and accessories, ready-made boxes, patented supports, brackets and others. The Company has a share of over 50% of exports, which is constantly growing.
With this transaction EGI thus creates a leading group in the sector of technical accessories for the plumbing and air conditioning sector and aims to continue the growth path of the Group both through the strengthening of distribution networks and continuous development of products and processes and through further consolidation of synergic companies.