News

AMA S.p.A. acquires the agricultural division of C.M.R. Group S.p.A.

San Martino in Rio (RE) – Albinea (RE), 06 November 2024

AMA S.p.A. has signed a binding agreement for the acquisition of the agricultural division of C.M.R. Group S.p.A. Costruzioni Meccaniche Reggiane, active in the design and production of gearboxes, reduction gears and cardan shafts for agricultural, forestry and gardening machinery.

The operation represents an important strategic move in boosting its competitiveness and continuing growth through external lines.

“The objectives of this operation are twofold: improving competitiveness in the market and continuing our growths trategy” said Alessandro Malavolti, CEO of AMA.

Ezio Paganelli, Sole Director of CMR Group S.p.A., commented that the acquisition: ‘It represents an important opportunity to enhance the work of the team, which over the last ten years has created a complete range of gearboxes and cardan shafts, taking us among the world leaders.

The transaction will be financed through a medium to long-term bank loan from a pool of banks consisting of Banco BPM, Cassa Depositi e Prestiti, Crédit Agricole Italia and UniCredit. A.M.A. S.p.A. was assisted by PwC TLS for the legal aspects and by PricewaterhouseCoopers Business Services for the financial due diligence.