Transaction details

Ethica Group alongside Armira as M&A Advisor and Debt Advisor in the acquisition of Movex

Ethica Group, with the Ethica Corporate Finance and Ethica Debt Advisory teams, acted as financial advisor to Armira in the buy-side coordination of the acquisition of the majority stake in Movex, European leader in the production of chains, modular belts and conveyor components.

Founded in 2011, with headquarters in Castelli Calepio (BG), Movex has established itself as the leading Italian player in the design and production of components for belt handling, intended for industrial production lines, in particular for the food & beverage and logistics sectors.

Armira, an Investment Holding Group dedicated to the support and growth of selected mid-market companies located in the Central European area and Northern Italy, acts as a long-term strategic partner in collaboration with partner companies management team. In particular, the partnership with Movex, Armira’s first investment in Italy, will focus on the growth of the existing business, through the entry into new geographies and new vertical markets, both organically and through acquisitions and / or joint ventures.

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