Group FIMO acquires Polyform
Kitting Telecom, part of Fimo Group, acquires Polyform SA
December 11th 2017, Group FIMO, an international leader in the manufacturing and distribution of telecom cable management products, controlled since 2015 by the fund IGI Investimenti Cinque managed by the Private Equity fund IGI SGR, has acquired Polyform SA, a French company specialized in the realization of camouflage solutions for the mobile industry. The aerial camouflage is a sector in quick expansion driven by the introduction of new technologies in the mobile sector allowing the installation of camouflage solutions in zones sensible to the landscape impact such as city centres and densely populated areas. By acquiring Polyform, Group FIMO further consolidates its market position in this business segment, where it is already active with the subsidiary Kitting Telecom, and becomes the European leader in the camouflage solutions for the mobile industry.
Mr Matteo Cirla, Managing Director of IGI Private Equity and President of FIMO, said: “We have acquired FIMO in order to support the growth of the group by strengthening the management, increasing and diversifying the product portfolio and the geographical presence. The new CEO of FIMO, Mr Luca Tamberi, has been able in a very short time to collaborate with IGI for implementing this strategy. The acquisition of Polyform is the beginning of a path of future growth and development of the group and we are confident that we will proceed with other projects allowing Group FIMO to further consolidate its presence in the cable communication and telecommunication market”.
Exclusive financial advisors to Group FIMO were K Finance and Clairfield France. The French firm Lamartine Conseil acted as legal advisor in the transaction.