- Aksia Group invested in Scarabelli in 2022
- Scarabelli is a provider of provider of complete turnkey irrigation products for the agricultural and ornamental sectors
- Aksia is a private equity firm based in Milan, Italy
Scarabelli Irrigazione, backed by Aksìa Group, via Aksìa Capital V has completed the acquisition of Europlast, FGR, and Samcla ESIC SL.
Europlast and FGR are Italian companies active in the design and construction of moulds, moulding of plastic materials and drippers in particular, in the extrusion of drip tapes, hoses and pipes for precision irrigation.
Samcla is a Spanish company that develops and manufactures monitoring, remote control, and automation systems for irrigation purposes. The company is based Barcelona.
Europlast and FGR’s acquisitions are part of Scarabelli’s plan to internalise the production of key and strategic components such as drippers and drip tapes, according to a release.
Aksia Group invested in Scarabelli in 2022.
“The project is bringing innovation and dynamism to the sector, and several entrepreneurs have already contacted us to join the platform,” said Marco Rayneri, managing partner, Aksìa Group. “We are therefore very captive to market dynamics and expect that the group will soon reach €100 million turnover.”
“We have some interesting build-up opportunities in which we are working on, more than €20 millions of backlogs, and a strongly expanding revenue patch,” Rayneri added.
Scarabelli also made a significant investment in the Monopoli plant for the establishment of a new industrial area of over 5,000 sqm where production will be relocated by the end of 2023, the release added.
Samcla’s integration will enable Scarabelli to control the engineering and production of remote monitoring and control systems for irrigation systems.
The completed acquisition will accelerate the development of international markets for the Scarabelli Group.
Scarabelli closed 2022 with a turnover of €50 million.
Scarabelli is a provider of provider of complete turnkey irrigation products for the agricultural and ornamental sectors. The company is based in Bologna, Italy.
Aksia is a private equity firm based in Milan, Italy.