Gefran makes acquisitions following the takeover of the Brazilian firm Novus

(Il Sole 24 Ore Radiocor) - Corre Gefran on the Milan Stock Exchange has been boosted by the acquisition of the Novus Group, a Brazilian operator specialising in industrial automation. The transaction values Novus at an enterprise value of 215 million Brazilian reais (approximately 35.8 million euros) and will be carried out through Gefran Brasil, a subsidiary already operating in the local market of the Italian company, which specialises in the design and manufacture of sensors, components and solutions for industrial automation and process control. The transaction is expected to be finalised within 180 days of the signing on 28 August, and the deal will be fully financed by Gefran using available financial resources and new bank credit facilities.

Based in the state of Rio Grande do Sul, Novus is a Brazilian industrial group specialising in the development and manufacture of industrial automation solutions (process controllers, sensors, transmitters, data loggers, data acquisition systems and Industrial IoT solutions) and operates across numerous industrial sectors (food, pharmaceuticals, energy, infrastructure and manufacturing) with an established commercial presence both in Brazil and in key international markets. In 2025, the Brazilian group recorded revenue of 16.4 million with an EBITDA of 3.4 million (margin of approximately 20.7 per cent) and a positive net financial position of 1.2 million euros.

“The industrial and strategic benefits of the deal appear solid to us,” comment the analysts at Intermonte, considering the transaction to be “fully consistent with the selective M&A strategy”. Novus’s profit margin “is above the group average (around 16 per cent in 2Q26) and the deal therefore appears to be accretive to the profitability mix”, the experts add. Furthermore, the scale of the deal (revenues amounting to around 12 per cent of Gefran’s in 2025) and the financing via available cash and bank debt “leave ample capital headroom, consistent with the group’s solid financial position”. Intermonte reaffirms its ‘Outperform’ rating and target price of 14.3 euros.