# Armira acquires majority of Movex, European leader in conveyor belt components

German investment holding Armira has acquired a majority stake in Movex spa, a European leader in the production of chains and modular elements for conveyor belt systems. This is Armira's first investment in Italy.

- Type: Acquisition
- Announced: 2021-12-15
- Where: Italy
- Status: completed
- Products: chains and modular elements for conveyor belt systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Armira](https://endata.com/companies/603.md) (acquirer)
- [Movex S.P.A.](https://endata.com/companies/30572.md) (target)

## Sources

- [bebeez.it](https://bebeez.it/private-equity/armira-compra-il-controllo-di-movex-leader-europeo-di-elementi-per-la-movimentazione-su-nastro/), 2021-12-15: "Armira, holding di investimento tedesca di mid-market con sede a Monaco, sinora con focus su Germania, Austria e Svizzera, ha annunciato il suo primo investimento in Italia: l'acquisizione della maggioranza di Movex spa."

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