Wateralia acquires Caprari Trading

Ambienta SGR SpA’s Wateralia platform has acquired Italian water pump distributors Linea Ricambi and Bergomi Trading, combined under the name Caprari Trading.

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Headquartered in Modena, Linea Ricambi has more than 20 years of experience in spare parts and service management for water pumps, while Bergomi Trading is a distributor of Caprari pumps. The two companies have a customer base of more than 850 clients.

Caprari Trading is Ambienta’s third acquisition under its buy-and-build platform strategy in the water pumps sector. Ambienta acquired Caprari in February 2021 and Calpeda in July 2022, rebranding the combined group as Wateralia.

With the acquisition of Caprari Trading, Wateralia will be able to offer premium aftersales services, strengthen its product distribution network and operate as an international spare-parts trading platform. The combined group has sales of over €240 million and EBITDA of more than €40 million.

Federico De Angelis, Group CEO of Wateralia, said: “This acquisition is highly synergetic and will further strengthen the position of Wateralia in the market. Our fundamental mission is to provide people with water without wasting resources: the partnership with Ambienta, helping us identify and detangle the relationship with potential buy-and-build targets, has been instrumental in achieving this objective on a continuously bigger and better scale.”

Italo Bergomi, founder and CEO of Caprari Trading, added: "Having collaborated with Caprari for 50 years, the decision to join our efforts to accelerate the growth trajectory of the companies was not a difficult one to take. The partnership with Ambienta and Wateralia was instrumental throughout the process to truly bring forward our synergies. We are happy to officially become a part of the Wateralia family and excited to contribute our unique know-how and capabilities.”

Mauro Roversi, founding partner and private equity CIO at Ambienta, said: “Caprari Trading, with its wealth of experience and clear synergies with Wateralia, perfectly fits into both Ambienta’s investment portfolio and Wateralia’s strategic mission. This combination will further enable us in our expansion and consolidation efforts in the sector, while also marking the first step for Wateralia to directly enter the distribution channel via M&A.”