DEA Group and EL.MO. acquired by Advanced Control Solutions in strategic sector consolidation

Advanced Control Solutions, an investment company independently managed by Investindustrial Growth III Holdings, has finalized an agreement for the acquisition of DEA System and DEA HT (together, DEA Group) and EL.MO. Security Holding IT (EL.MO.), Italian companies active in the production and development of access automation and integrated security solutions.

This investment aims to create a new group which, with aggregate revenues of around €100 million (approximately 50% outside Italy), over 400 employees across 4 production sites, and a widespread network of commercial branches both in Italy and abroad, will be one of the leading operators in the sector at the European level. The acquired companies will continue to be led by their current management teams.

Founded as a family business in 1993 in Piovene Rocchette (Vicenza), DEA Group designs, produces, and distributes automation systems for gates, doors, barriers, and shutters, serving both residential and industrial markets. DEA Group products are present in over 100 countries worldwide.

EL.MO., founded in 1975 in Campodarsego (Padua), specializes in the design and production of integrated security systems, including intrusion detection, fire detection, video surveillance, and access control systems, using innovative and constantly evolving technologies. EL.MO. is recognized in the market as a benchmark for the reliability of its products and its ability to offer modular solutions suitable for smart homes and intelligent buildings.

CBA Studio Legale e Tributario assisted DEA Group with a team coordinated by Partner Ilaria Antonella Belluco, who handled corporate matters together with Associate Alessia Crozzoli. Also involved in the transaction were Partner Michele Citarella, together with Associate Luca Vitale, for tax matters; Partner Gianvito Riccio for labor law aspects; and Partner Francesco Dialti, together with Senior Associate Vincenzo Cimmino, for finance matters.

Chiomenti assisted Advanced Control Solutions, with a team led by lawyers Carlo Croff and Corrado Borghesan and composed of Daniele Sacchetti, Maria Laura Zucchini, Elena Anania, and Cristina Luisa Conti for contractual and M&A aspects. Massimo Antonini, Elisabetta Costanza Pavesi, and Filippo Giuseppe Rocchi advised on tax and structuring. The firm also provided assistance on regulatory matters with Prof. Giulio Napolitano, Luca Masotto, and Chiara Grazzini for golden power aspects, and Antonino Cutrupi for antitrust matters. Administrative and environmental law assistance was provided by Elisabetta Mentasti, Annabella Di Pasquo, and Elena Serra.

Strategic advisor was Circle Brain, with Partner Federico Fiamengo, while EY acted as financial assistant with Partner Vincenzo Chiaia, supported by Giuseppe Pio Guerra.

Studio Pauletto Pozza assisted on tax matters with Dr. Moreno Pauletto.

Pirola Pennuto Zei & Associati assisted the selling shareholders of EL.MO. on legal and structuring aspects of the transaction with a team led by Partner Yuri Zugolaro, supported by Associate Partner Lorenzo Destro and Counsels Davide Rubino and Daniela Gobbo.

Pirola Corporate Finance acted as exclusive financial advisor to the selling shareholders of EL.MO., with a team led by Founding Partner Mario Morazzoni, supported by Director Stefano Righetti, Antonio Visioli, and Pasquale Alessandro.