Sustainable private equity firm Ambienta has sold components manufacturer Safim to DexKo, a global components business.
Safim makes energy-efficient critical components used in hydraulic systems for off-road vehicles and trailers. The business is based in Italy and serves customers in the agriculture, construction and materials handling industries.
Under Ambienta’s ownership Safim doubled its revenues in the space of 24 months and increased its profitability.
Safim’s management and the Mamei family will continue to remain involved with the business.
Pietro Santoro, CEO of Safim, said: “Ambienta has been instrumental in transforming Safim’s organisation and operations, fuelling the company’s growth. With DexKo as a long‐term shareholder, we look forward to continuing on our growth trajectory and accessing new markets.”
Nino Tronchetti Provera, Managing Partner and Founder at Ambienta, added: “Safim represents a quintessential Ambienta deal, a great company with a leading position in a market driven by environmental trends, a primary deal where the heritage of the founding family and the strength of the new management team came together to achieve impressive results.”