Route Capital Partners Srl and Equilybra S.p.A., together with Bimal S.r.l. (Perugia) and Leonardo S.r.l. (Brescia) founders, have created Test Holding SpA, a new holding company that purchased 100% of the two firms which are two international excellences in the design and construction of “Test Benches” for fluidic and mechanical components in the hydraulic, automotive, aeronautical and mechanical sectors. Bimal and Leonardo founders reinvested in the industrial project and are going to remain as the entrepreneurial points reference of their own companies. The merger is aimed at value creation and to give life to a group with more than 80 employees, a presence in 50 countries worldwide and total revenues of around 30 millions Euros.
Cross Border was chosen as exclusive advisor by the owners of Leonardo thanks to its track record and know-how in the automotive sector. It assisted Leonardo in the development of a market strategy and business plan and in the structuring of the transaction, managing the selection process of the best partner to support the growth plan.