Galtech, which is headquartered in Reggio Emilia, specialises in the production and sale of pumps and gear motors, hydraulic distributors and accessories and components. Galtech had net sales of €13.1 million and an EBITDA of €0.5 million in 2010. At 31 December 2010 Galtech had net debt of €1.4 million.
Half of the €3.3 million purchase price was paid in cash and the other half in Interpump Group SpA shares.
The sellers have the right to sell the remaining 47% between the date on which the 2014 financial statements are approved and the date on which the 2025 financial statements are approved.