Rollon, the international group based in Vimercate, world leader in the production of linear motion systems for various sectors – from railways to aerospace, machine tools and medical equipment, announces the closing of a deal to take over the German company Hegra which specialises in the production of telescopic and linear guides.
The acquisition aims at strengthening Rollon’s range of linear motion solutions, broadening the current range with complementary products and reinforcing the presence of Rollon in the market sector of medium load guides and also heavy duty equipment.
The takeover of Hegra will enable Rollon to offer not only guides with new profiles and materials but also completely customised and highly performing solutions, thus moving toward an increasingly sophisticated offer that can meet the application needs of the customers. The deal is in line with Rollon’s clear growth strategy which is based on the acquisition of manufacturing companies with which it can integrate perfectly at the commercial level and with which it has a mutually complementary function at the industrial level.
Hegra, based in Limburg near Dusseldorf, has become an acknowledged leader in a niche market thanks to its ability to provide highly customised solutions for clients throughout the world.
The takeover also contributes to the expansion of Rollon into new market areas, starting with emerging markets such as China and India where the group has recently opened two wholly owned subsidiaries, in addition to improving the offer of Rollon in the German, European and U.S. markets.
Rollon closed 2014 with a growth in turnover of 6% and is estimated to close 2015 with a two-digit growth rate. In the same year it opened new subsidiaries in Shanghai in China and Bangalore in India, in addition to those already present in France, Germany, USA and the commercial offices in Russia and Brazil. In January 2015 Rollon bought out the Tecno Center of Turin, acquiring still greater strength in the segment of linear actuators. Today Rollon counts more than 350 employees within the group, of which more than half work at the production plant in Vimercate.
The takeover was finalised with the support of Linear Guides BV (controlled by Chequers Capital) and its partner in Rollon IGI SGR, who together intend to provide additional resources for acquisitions in the linear motion market segment.
“Chequers, which is indirectly the majority shareholder of Rollon, is very supportive of the Hegra acquisition which completes Rollon’s range of linear guides; it is a very complementary range, a very good fit to the existing Group. It is a decisive step to grow further in its market.” said Jérôme Kinas, Manager of Linear Guides BV and Managing Director of Chequers Capital.
“We invested in Rollon for the purpose of supporting the growth and international development plan also by means of takeovers” said Matteo Cirla, Managing Partner of IGI Sgr. “The present deal is the second operation in the last few months. The first, which brought Tecno Center into the group, has already created substantial cooperation at the commercial level and we are convinced that the acquisition of Hegra will also be able to give the same satisfaction”.
"The acquisition of Hegra is another important step forward in the growth strategy of Rollon and expansion into new business segments that broaden the range of products of the group to offer one of the most complete in the world” commented Eraldo Bianchessi, CEO of the Rollon Group. “The deal is good news not only for Rollon but also for the entire linear motion market which will always find a global provider in Rollon for every linear motion solution”.
In the acquisition of Hegra, K-Finance acted as financial advisor.
Attorneys Roberto Via from Studio DV in Milan and Nina from Pinsent Masons Germany LLP assisted Rollon as legal advisors for the operation.
Information on Rollon
The Rollon Group, with headquarters in Vimercate (MB) and subsidiaries in Germany, France, the United States, China and India produces linear and telescopic guides and actuators for a range of sectors, such as railways, aeronautics, logistics, packaging, machine tools and medical. The numerous outlet markets and variety of clients represent one of the strong points of Rollon which offers high product quality standards, pre-sales support and a high level of product customisation, qualities for which the company is also appreciated abroad where more than 85% of the turnover is generated (of which 45% in Germany).
Information on Chequers Capital
One of the most established independent private equity companies in Europe. Chequers is one of the European leaders in private investment in medium size companies, with funds under management of c. 2 billion euro. It operates with a team of 17 professionals and has offices in Paris and Munich. Chequers Capital XVI is a Fund of € 850 million and primarily invests in buy-out operations with a key focus on international expansion and acquisition growth.
Information on IGI SGR
IGI Sgr is an independent private equity company which has invested in small and medium Italian business since 1997. The team of IGI manages about € 250 million through funds collected from Italian and foreign institutional and private investors in addition to the partners of IGI.
So far IGI has invested in about 70 Italian companies supporting business people in the determination of the best strategy for growth and internationalisation.
IGI invests through the buy out of minority and majority holdings and expansion capital and is a partner in Rollon of the French private equity company Chequers Capital.
The fund that invests in Rollon is “IGI Investimenti Cinque”.