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Marposs was established in 1952. Since then, Marposs has provided shop floor solutions incorporating a wide range of technologies including electronic, non-destructive (ND), optical and pneumatic, for measurement and process control of manufactured components to the metalworking, aerospace, glass and IT industries. MARPOSS employs approximately 2,400 people at 80 locations in 21 countries world-wide
Ethica Corporate Finance acted as sole financial advisor to Marposs in the acquisition of Dittel Messtechnik in Germany.
Supplier of precision metrology equipment, Marposs S.p.A., Bologna, Italy, acquires the full ownership of Dittel Messtechnik GmbH, a developer, manufacturer and supplier of grinding process control solutions, located in Landsberg am Lech, near Munich, Germany.
Dittel was originally founded in 1959 to develop and manufacture aeronautical devices, and has been classified by the German Aviation Authority (LBA) as a certified developer and supplier. Today, the core competencies lie in the development and manufacture of intelligent, comprehensive process monitoring and control solutions for use in machine tools and their components. For over 50 years, the name DITTEL has stood for precision, quality and reliability.
The combination of the two companies represents a perfect opportunity to rolling out Dittel products on a broader geographic scale through the global distribution and customer service network of Marposs. Through this acquisition Marposs consolidates its presence in Germany where it already finalized three other transactions in 2008, 2011 and 2012.
Marposs mandated Ethica to assist them throughout the whole acquisition process including commercial, environmental, financial, tax and legal due diligence and supervised the drafting of the legal documentation. Key to our role was understanding Marposs’ strategy and approach to M&A processes. Ethica's knowledge of the sector helped to secure a key strategic acquisition at the right price and on acceptable terms to Marposs. This deal highlights Ethica's strength in leading and completing transactions in a challenging M&A environment and acting for Italian clients with strong overseas presence.