Based in Mairano, Italy, Tattile serves OEM clients globally , generating 50 per cent of its revenues abroad.
It develops, produces and markets machine vision and custom electronic systems for use in industrial automation, traffic management and railways.
Clients include include Autostrade per l’Italia, Coesia Group, Sick, Applied Materials, Ansaldo Breda and Stadler.
Following a period of growth from 2005 to 2008, the business experienced a number of challenging years through the crisis.
These challenges, driven by both internal and external factors, have now stabilised, it said, with consistent revenues and strong margins.
The investment by Ambienta is a key step in the continued reorganisation and re‐launch of Tattile, according to the firm.
Ambienta will provide the financial and management resources to consolidate the company’s position and leverage opportunities for growth, both organically through new customer wins and through acquisitions. Following the investment, Corrado Franchi will become CEO of the company.
Ambienta partner Mauro Roversi said, “Tattile presents a compelling opportunity to support a globally competitive “made in Italy” company with outstanding growth prospects in both domestic and international markets.”
The transaction will entail a significant cash injection into the company, he said, as well as the purchase of shares from existing shareholders.
Ambienta will take a 70 per cent stake in the company.
The firm has also committed additional funds to pursue external growth projects arising in pursuit of its strategy. The remaining share capital will be held by the new CEO and by a group of existing shareholders headed by the Bandini family.
Ambienta is the largest European private equity fund focused on the growth environmental sector.
Ambienta I Fund, with commitments of €217.5m, has to date completed nine investments in areas including energy efficiency, pollution reduction, renewables, recycling, and primary resource management.
Earlier this year AltAssets reported that the firm was gearing up to launch its second environmental fund.
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