Bavelloni and GMM form a group with a €100 million turnover

Gravellona Toce-based company GMM SpA, a leader in the field of stone technologies, has acquired a 52% stake in Bavelloni SpA to create one of the world's largest natural stone and glass processing groups.

On 31 January this year, the Gravellona Toce (VB)-based multinational stone technology company GMM, controlled by the private equity fund Consilium SGR, acquired a 52% stake in Bavelloni SpA, a company based in Lentate sul Seveso (MB) specialising in machinery for the production of glass and natural stone. The result of the operation is one of the world's largest stone and glass processing groups with a turnover of more than €100 million, an EBITDA of around €10 million, 400 employees, six production plants and eight direct subsidiaries with a strong international outlook.

Founded in 1993, GMM has grown over the years to become a world leader in the production of traditional and numerically controlled milling machines. Since 2009, it has also been producing flat and vertical polishing systems (edge polishers) thanks to the acquisition of Cemar. It has also expanded its product range with the acquisition of Techni Waterjet, an Australian company which specialises in water jet cutting machines with innovative patented technology for the metal, composite, stone and glass sectors. Its consolidated turnover has doubled in the last five years to reach €70 million in 2021, 85% of which was generated outside Italy.

GMM and Bavelloni will combine their respective and entirely complementary technologies to reach an annual output of more than 800 machines across three business units: Stone under the GMM brand name, Glass under the Bavelloni brand name and Fabrication Materials under the Techni Waterjet brand name.

The operation provides a unique opportunity for Bavelloni to continue the strategic development plan it initiated in 2015, which has enabled it to increase its turnover by 75%, expand its sales network with 3 foreign subsidiaries and integrate the tools business into its product range. The partnership with GMM will enable it to develop both the machine and tool segments of its stone business.

Bavelloni SpA will continue to be managed by the three partners Federico Bassi, Roberto Califano and Sergio Valsecchi, who own 48% of the company’s shares.