# Biesse acquires GMM Finance for approximately EUR 72 million

Biesse signed a contract to acquire the entire share capital of GMM Finance Srl, holding company of the GMM Group (including GMM Spa, Bavelloni Spa and Techni Waterjet Ltd.), for approximately EUR 72 million in cash; the GMM Group makes machine tools for stone, glass and other materials.

- Type: Acquisition
- Announced: 2023-12-22
- Where: Gravellona Toce, Piedmont, Italy
- Value: $79.0M (72.0M EUR)
- Status: announced
- Products: machine tools for processing stone, glass and other materials
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Biesse Group](https://endata.com/companies/17410.md) (acquirer)
- [GMM SpA](https://endata.com/companies/18747.md) (target)
- [Techni Waterjet Pty Ltd](https://endata.com/companies/18748.md) (target)
- [Consilium Private Equity Fund III](https://endata.com/companies/18749.md) (partner)
- [Bavelloni](https://endata.com/companies/19385.md) (target)
- [GMM Finance](https://endata.com/companies/74627.md) (target)
- [FGL Holding](https://endata.com/companies/74628.md) (partner)

## Sources

- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/BIESSE-S-P-A-93574/news/Biesse-acquires-GMM-Finance-for-more-than-EUR70-million-45623403/), 2023-12-22: "Biesse Spa on Thursday signed a contract to acquire the entire share capital of GMM Finance Srl"
- [natursteinonline.de](https://www.natursteinonline.de/portal/news/biesse-erwirbt-gmm), 2024-01-30: "Biesse will mit dem Erwerb von GMM wachsen und das Produktportfolio erweitern."

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