The global site of the UK's leading magazine for automation, motion engineering and power transmission
22 April, 2018

Product and Supplier Search

Facebook

Melrose sells Marelli to the Carlyle Group for €212m

20 June, 2013

The UK-based engineering turnaround specialist Melrose Industries is selling its Italian motors and generators business, Marelli Motori, to the Carlyle Group for €212m in cash. The disposal is conditional on anti-trust approvals and is expected to complete in August 2013.

“Marelli Motori has performed very well during the period of our ownership since 2008, which is a credit to the hard work of its management team,” says Melrose chief executive, Simon Peckham. “Following a period of investment and international expansion, Marelli Motori is now well placed for the next stage of its development under Carlyle’s ownership.”

In the year ending December 2012, Marelli Motori recorded sales of €149.1m, generating an operating profit of €18.9m and an EBITDA of €22.2m. On 31 December 2012, the company’s gross assets were worth €125.8m.

Marelli Motori, founded in 1891, serves global markets for power generation, marine, oil & gas and industrial manufacturing. It sells motors in ratings from 0.12kW–6.4MW and generators from 15kVA–9MVA. The range includes asynchronous motors and hazardous area motors (in IP55, IP56, IP65 protection versions) in ratings from 380V­–13.8kV. Outside Italy, Marelli Motori has operations in the UK, Germany, Malaysia, South Africa and the US.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2018The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 10-12 April, 2018. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles