The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the acquisition of the share capital of I.P.G. S.r.l. by H.I.G. Capital, LLC.
H.I.G. Capital, LLC is a private company duly registered under the laws of the United States of America. H.I.G. Capital is a leading global private equity and an alternative assets investment company. H.I.G. Capital specializes in providing both debt and equity capital to small and medium-sized companies.
I. P. G. S.r.l. is the holding company of a group of companies known as Onis Visa. Its main operating company is VISA S.p.A. and the group’s trademarks include Visa, Nettuno, Meteor, Valmec, Tecnoplus, Genmac and Cogem. Onis Visa manufactures and distributes power plants for various applications (e.g. industrial, telecommunications, hospitals, construction, irrigation, food retail, data centers, banks, as well as for the oil and gas sectors) and pumping systems primarily for irrigation.