Inoxihp’s offering includes plunger pumps, valves, hydropneumatic systems, hydraulic descaling, press automation, and hydrostatic tests.
The €8.6 million acquisition price (inclusive of a positive net financial position of €0.7 million at 31 December 2014) was paid as €6.5 million in cash and the balance bythe transfer of 156 160 shares of Interpump Group SpA.
The minority shareholder has the right to sell the remaining 47.28% (10% at any time and 37.28% starting on the approval date of the 2025 balance sheet) at a price calculated on the basis of the average of the results of the two balance sheets preceding that of exercise of the option.
Interpumps says that the acquisition will strengthen its position in the steel industry and provide opportunities to exploit significant production and distribution synergies.