Senstronic, a company active in the design and manufacture of advanced detection and connection solutions for industrial automation and onboard applications, based in Saverne, France, part of the Andera Partners portfolio, has acquired the Piedmont-based companies Selet Sensors and LCA Ballauri, strengthening its presence in the Italian market.
The advisors
In the context of the transaction, Andera Partners and Senstronic were assisted by Ethica Group's M&A Advisory team, composed of Filippo Salvetti (left in the photo) and Stefano Buffoni (center in the photo) as financial advisors. On the Andera Partners side, director Francesco Gonzaga (right in the photo) worked on the transaction. Pavesio e Associati acted as legal advisor.
Grant Thornton handled the financial, tax, and structuring due diligence. Legal support was provided to Selet by Gianni & Origoni, and to LCA Ballauri by Studio Legale Badellino Appendino.
The acquired companies
Selet Sensors, based in Turin, is a company active in advanced sensor technology for agricultural and earthmoving machinery. Specializing in the design and manufacture of innovative sensors, it stands out for its cutting-edge technological solutions for international markets. Selet Sensors is also very attentive to the sustainability of its customers' applications.
Based in Grugliasco, in the province of Turin, LCA Ballauri is active in the field of high-performance sensors and components for critical applications in the railway market. With a strong focus on innovation, LCA Ballauri collaborates with customers all over the world.
The outlook
Thanks to these two new acquisitions, Senstronic is creating a center of industrial excellence in the high-tech sensor segment. The acquisition of Selet Sensors and LCA Ballauri follows that of Metallux AG in Germany, bringing the group's total turnover to more than €50 million. Through the mutual sharing of technological know-how and the complementarity of their respective markets, the group aims to further expand its offering on the Italian and international markets and strengthen its innovation capabilities.
In this context, Senstronic has entrusted the leadership of the Italian market to Donato Orlando, Senstronic's general manager for Italy. The hub's objective is to continue investing in the Italian market, expanding its commercial network both nationally and across Europe and globally, strengthening its production footprint and, last but not least, acquiring additional niche companies to further expand its product portfolio, including in Italy. Carlo Ballauri will remain a minority shareholder of LCA Ballauri and will take on the role of general manager of the company.
The advisors
In the context of the transaction, Andera Partners and Senstronic were assisted by Ethica Group's M&A Advisory team, composed of Filippo Salvetti (left in the photo) and Stefano Buffoni (center in the photo) as financial advisors. On the Andera Partners side, director Francesco Gonzaga (right in the photo) worked on the transaction. Pavesio e Associati acted as legal advisor.
Grant Thornton handled the financial, tax, and structuring due diligence. Legal support was provided to Selet by Gianni & Origoni, and to LCA Ballauri by Studio Legale Badellino Appendino.
The acquired companies
Selet Sensors, based in Turin, is a company active in advanced sensor technology for agricultural and earthmoving machinery. Specializing in the design and manufacture of innovative sensors, it stands out for its cutting-edge technological solutions for international markets. Selet Sensors is also very attentive to the sustainability of its customers' applications.
Based in Grugliasco, in the province of Turin, LCA Ballauri is active in the field of high-performance sensors and components for critical applications in the railway market. With a strong focus on innovation, LCA Ballauri collaborates with customers all over the world.
The outlook
Thanks to these two new acquisitions, Senstronic is creating a center of industrial excellence in the high-tech sensor segment. The acquisition of Selet Sensors and LCA Ballauri follows that of Metallux AG in Germany, bringing the group's total turnover to more than €50 million. Through the mutual sharing of technological know-how and the complementarity of their respective markets, the group aims to further expand its offering on the Italian and international markets and strengthen its innovation capabilities.
In this context, Senstronic has entrusted the leadership of the Italian market to Donato Orlando, Senstronic's general manager for Italy. The hub's objective is to continue investing in the Italian market, expanding its commercial network both nationally and across Europe and globally, strengthening its production footprint and, last but not least, acquiring additional niche companies to further expand its product portfolio, including in Italy. Carlo Ballauri will remain a minority shareholder of LCA Ballauri and will take on the role of general manager of the company.
