Transaction details
Gruppo GIA
Ethica Global Investments sells GIA Group to DiversiTech Corporation
Ethica Global Investments announces that it has sold Gruppo GIA, a leading company in Italy for fastening systems and components for the plumbing and heating sector, to DiversiTech Corporation, the main American manufacturer of components for the heating, ventilation, air conditioning and refrigeration industry.
For DiversiTech, a company owned by Partners Group – a large independent investment company with over $142 billion in assets under management – the acquisition of the GIA Group is part of a strategy to increase penetration in the European market with the aim of strengthening its leadership in Italy and Europe and accelerate development through cross-border synergies.