Xenon acquired 100% of Mectra and Emmeti in Montecchio Emilia and Sipac and Logik in Fontevivo, creating Ems Group, a packaging line maker with EUR 130 million turnover and 290 employees. The deal was reported on 2018-12-13.

Xenon Private Equity, via its Xenon Private Equity VI fund, bought 100% of Emmeti, Mectra, Sipac and Logik, creating EMS Group, a maker of palletizing, depalletizing and conveyor lines based in Italy. The deal was reported on 28 November 2018 and no value was disclosed.