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18/05/2017 - UNSTOPPABLE DONAZZAN: WITH SICME MOTORI THE 13th ACQUISITION OF ORANGE1 HOLDING HAS BEEN SIGNED

Orange1 Holding officially finalized the acquisition of Sicme Motori S.r.l. of Turin, a leading company in vectorial and synchronous motors. Donazzan: “with this acquisition, Orange1 strenghtens its leadership in the electric motors’ market with the aim of increasing the 2017 revenue up to 170 million.”

Orange1 Holding officially finalized the acquisition of Sicme Motori S.r.l. of Turin, a leading company in vectorial and synchronous motors. Donazzan: “with this acquisition, Orange1 strenghtens its leadership in the electric motors’ market with the aim of increasing the 2017 revenue up to 170 million.”

Arsiè (BL) 18th May 2017

A few months after the acquisition of Magnetic (September 2016)  and Mado (January 2017), Armando Donazzan announces the acquisition of the 13th company, SICME MOTORI srl located in Turin, accomplishing the goal in becoming a leader in vectorial motors and synchronous motors. Sicme  has a revenue of around 18 million euros and 90 employees.

Orange1, an international group specialized in the mechanics market, headquartered in Italy, Arsiè (BL), employs over 1000 people dislocated in 11 different plants located between Belluno, Vicenza, Bergamo, Forlì-Cesena, Reggio Emilia, Turin, Romania and Hungary.

Sicme Motori S.r.l., founded in 1967, produces AC motors, variable speed and high quality DC motors and it represents a benchmark of excellence for its technology providing the best economical solutions for many different applications. Since 2002 it has been cooperating actively with the Institute of Electrical Engineering of the Polytechnic of Turin and it has been one of the world's largest producers of wind generators. Since 2008, it has developed motors with ASR technology, the most revolutionary type of electric machine in the world, and in 2014 developed an innovative range of synchronous reluctance motors IE4 with a specific patent.

“First of all I want to thank ing. Sola, Mr. Barbavara and Fondo Ersel Investment Club managed by Ersel Asset Management SGR for the possibility they gave me.” - Says Donazzan - “ A company with a 40 years history, well-known around the world for the high quality and product technology, we produce Asynchronous motors up to 3700 Kw, Synchronous motors up to 2700 Kw, Hydroelectric Generators up to 3000 Kw, Mini-Wind generators up to 200 Kw and Wind Turbines up to 5000 Kw. And among many other projects we have developed and built the motor wheels for the Rover which landed on Mars. This was made possible thanks to our high technology.”

The climb of Orange1 President, born in Bassano del Grappa, is unstoppable. After closing a 2016 with revenues of 149 million euros, 12% more than the previous year, Orange1 Holding is running with the aim of increasing the 2017 revenue up to 170 million.

Advisor of Orange1 : Skema from Rimini for the accounting part, tax and financial; Cerina Studio Legale for the legal part. Seller has been assisted by:  K Finance - Clairfield International for the financial part; Pavesio e Associati  as legal advisor;  Studio Ferreri for the tax part.

PLAY VIDEO - Armando Donazzan & SICME MOTORI

 
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ORANGE1 is one of the leading manufacturer of inductive motors in Europe. The Company offers a large range of motors made in over 40 years of experience and tradition.
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