Accelleron Industries AG (SWX:ACLN) agreed to acquire Officine Meccaniche Torino S.p.A on May 31, 2023. Officine Meccaniche Torino S.p.A. generated revenues of approximately $55.6 million in 2022. The acquisition is expected to be completed within the next few weeks. Alessandro Seganfreddo, Darragh Byrne, Tilman Kuhn and Mathis Rust of White & Case LLP acted as legal advisor to Accelleron Industries. Alberto Bestetti, Franco Pietro Battagli and team of BC& Studio acted as legal advisors, Carlo Mottaof of Studio CMFCacted as accountant to the majority shareholders of Officine Meccaniche. Hiroyuki Usuda, Yoshiyuki Kizu and team of Nishimura & Asahi, Antonio Sascaro and team of Chiomenti Studio Legale acted as legal advisors to minority shareholders of Officine Meccaniche.

Accelleron Industries AG (SWX:ACLN) acquired Officine Meccaniche Torino S.p.A from its shareholders for $110 million on July 20, 2023. Consideration consists cash of $100.4 million and contingent consideration of $6.2 million. Cash acquired from Officine Meccaniche $7.6 million. The acquisition is partially funded by drawing an additional $115.456 million from current credit facility.