# Orca Developpement acquires four Italian carbon composite firms, creates Angeloni Group

Orca Developpement, controlled by IDI private equity, acquired G. Angeloni, Industria Tessuti Tecnici, Dynanotex, and Impregnatex Compositi, creating the Angeloni Group with a combined turnover of over €120 million. The deal value is reported at €60 million.

- Type: Acquisition
- Announced: 2019-07-02
- Where: Italy
- Value: $68.0M (60.0M EUR)
- Jobs: 280
- Status: completed
- Products: carbon fiber products, technical fabrics, carbon composite materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Orca Developpement](https://endata.com/companies/40402.md) (acquirer)
- [IDI private equity](https://endata.com/companies/40403.md) (investor)
- [G. Angeloni](https://endata.com/companies/40404.md) (target)
- [Industria Tessuti Tecnici](https://endata.com/companies/40405.md) (target)
- [Dynanotex](https://endata.com/companies/40406.md) (target)
- [Impregnatex Compositi](https://endata.com/companies/40407.md) (target)

## Sources

- [bebeez.eu](https://bebeez.eu/2019/07/02/orca-developpement-owned-by-idi-private-equity-acquired-four-leading-italian-companies-in-the-carbon-composite-materials-market-and-creates-the-angeloni-group/), 2019-07-02: "The new Angeloni Group generates a significant part of its turnover (around 40%) in the automotive sector with particular regard to supercars, luxury cars and electric cars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.