GMM acquires Bavelloni
An agreement has been signed between GMM, controlled by the Consilium SGR private equity fund, and Bavelloni SpA. GMM has acquired 52% of Bavelloni shares to create one of the largest groups in the processing of stone and glass materials worldwide, exceeding €100 million in turnover.
Bavelloni provides glass processing technology and services for the architectural, furniture and domestic appliance and solar industries.
Over 70 years of operation, the company has delivered more than 25,000 glass processing machines to more than 100 countries.
The extensive range on offer includes CNC machines and technologies for cutting, edging, bevelling, drilling/milling, washing as well as spare parts and a wide range of diamond and polishing tools.
GMM is a multinational company based in Gravellona Toce, a leader in machinery for stone cutting, milling and polishing. Founded in 1993, GMM was born from the business idea of three engineers and started its activity designing and manufacturing bridge saws for the stone industry.
GMM continued its evolution to become a world leader in the production of traditional and numerical control milling cutters.
It took on the production of flat and vertical polishing (edge polishers) thanks to the acquisition of Cemar (2009) and then integrated its product range through the acquisition of the Australian Techni Waterjet, a specialist in waterjet cutting machines for the metal, composite, stone and glass sectors.
GMM and Bavelloni will together create an industrial group with 400 employees, six production plants and eight direct subsidiaries with a strong international vocation.
The group will integrate their respective technologies in an annual production of over 800 machines that will consist of three main business units: Stone with the GMM brand, Glass with the Bavelloni brand and Fabrication Materials with the Techni Waterjet brand.