Sector: Transportation and logistics
Deal type: M&A
Deal value: N/D
BAS Group S.p.A. (“BAS Group”) and its operating subsidiaries (Logistic Net, Bas Sped, Bas Express and Il Corriere) recently completed its sale to Bracchi S.r.l (“Bracchi”).
BAS Group operates in the logistics sector for the fashion and beverage industry and in national and international transportation, through the Logistic Net, Bas Sped, Bas Express and Il Corriere brands. In 2017 the Group registered a turnover of almost €30m and employs 150 people.
Bracchi is a leading player in technical logistics, assisting companies active in the production of elevators, agricultural and earth-moving machines, electromechanical components, pharmaceuticals and cosmetics. In 2017 the Company posted over €90m turnover and employs about 220 employees through the Italian office and branches in Poland, Slovakia and Germany.
Thanks to the acquisition of BAS Group, the international expansion and the continuous growth of its customers, Bracchi expects to reach a consolidated turnover of the group of approximately €130m in 2018, strengthening its leadership in technical logistics and in transport services at European level.
Matteo Cirla, CEO of IGI Private Equity and Chairman of Bracchi said: “We are proud to be able to contribute to the growth of Bracchi alongside the whole team of managers and partners and we believe that the integration with BAS Group will have further upside, thanks to the excellent management team we have found and to their consolidated ability to provide top tier service to their customer base”