Interpump strengthens in Europe with Padoan
Acquisition of 65% of the company specialising in industrial tanks, allowing the group to integrate its portfolio and geographical presence
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A new transaction by M&a for Interpump Group , aimed at strengthening the European market. The group has signed a binding agreement for the acquisition, through its subsidiary Interpump Hydraulics and effective from July 1, of 65% of the capital of Padoan, a company specialising in tanks for industrial vehicles and machinery. Padoan has been valued at approximately 16 million enterprise value (corresponding to the value of the entire capital) and the "put&call" mechanisms through which Interpump Group will be able to acquire the remaining shares starting from July 2030 have already been defined.
Founded in 1937 with headquarters in Olmi di S. Biagio di Callalta (Treviso) and over 50 employees, the company closed 2024 with a turnover of around 15 million and an Ebitda margin of over 17%. "There are three reasons that allow us to define Padoan as an ideal target for our group," said Fulvio Montipò, executive chairman of Interpump Group. "The company allows us to expand our product range, to exploit synergies with other products in our portfolio, and finally to build a sector presence in Europe as strong as the one the group already has in North America.
Interpump's entry into the tank sector dates back to 2011 with the acquisition of American Mobile Power; with the purchase of Padoan, Interpump built an equally important presence in Europe.
The group ended the first quarter with revenues of EUR 521.6m, down 4.5% year-on-year. Ebitda was also down 7.9% to EUR 117.3 million; the Ebitda margin was 22.5% compared to 23.3% for the same period in 2024. Consolidated net profit in the first three months was EUR 57 million. Interpump confirmed guidance for the current year, which forecasts a change in sales of between +1% and -5% on an organic basis; profitability is expected to consolidate in a range of between 22% and 22.5%.
