Headquartered in Reggio Emilia,
Galtech specialises in pumps and gear motors, hydraulic distributors and accessories and components. The company had net sales of €13.1 million and an EBITDA of €0.5 million in 2010.
The €3.3 million purchase price will be paid half in cash and half in
Interpump Group SpA shares.
The sellers have the right to sell a further 47% between the date on which the 2014 financial statements are approved and the date on which the 2025 financial statements are approved.