DDA & Company advises Steliau Technology on the acquisition of the Italian company InterDipros

Paris, October 7th, 2022,

DDA & Company advises Steliau Technology shareholders on an external growth operation with the acquisition of InterDipros through its operational Italian subsidiary Special-Ind.

Several months after the acquisition of Special-Ind (completed in March 2021) and Media Microcomputer in Spain (March 2022), Steliau Technology keeps on consolidating the European market of electronic solution value-added supply and announces another move with the integration of the Italian company InterDipros.

Interdipros generated sales of €4 million in 2021 and should achieve sales of € 5 million in 2022. This non-intermediated transaction will help the Group speed up its business in this country with sales expected to reach € 77 million for the current Fiscal Year and € 85 million in 2023.

Interdipros has ten employees and benefits from a certified clean room dedicated to the assembly, integration, and customization services of the solutions according to the technical needs of its customers. Interdipros mainly specializes in the value-added distribution of sensors for touch screens as well as cabling solutions on behalf of customers involved in a large variety of industries.

Graziano Quaggio, CEO of InterDipros, will remain fully operational. Benefiting from positive market trends, the Group aims to continue on its strong growth track both in France and abroad and should achieve consolidated sales of € 140 million in 2022 vs. € 39 million in 2019.

“The rationale for this operation is based on the integration of the design and integration capabilities of Interdipros in order to offer them to Special-Ind’s customer portfolio in Italy.” explains Pascal Reynoud, CEO of Steliau Technology.

Massimo Loche, CEO of Special-Ind, said: “We will generate commercial synergies by offering Interdipros’ customers a wide range of screens supplied by Special-Ind.”

Bertrand Tissot, Partner at B & Capital, commented: “We are delighted to support Steliau Technology’s management team in concluding this third non-intermediated add-on acquisition, which enables the Group to further expand internationally.”

Stakeholders in this Transaction

BUYER

Steliau International: Management (Stéphane Jouannaud, Pascal Reynoud, Caroline Mialin), B & Capital (Bertrand Tissot, Mikaël Schaller, Charles Gaudry)
M&A Advisors: DDA & Company (Alain Sitbon, Axel Marti-Flich, Florian Charrière)
Financial Due Diligence: BDO (Giorgio Falcione, Francesco Bini)
Tax, legal, labor due diligence: BDO (Pietro Gracis, Gabriele Ciarlo)
Legal Counsel: Capurro (Manuel Capurro)

SELLER

InterDipros: Quaggio family
Legal Counsel: GPLaw (Gianluca Paracciani, Giada Colotti)

About Steliau Technology

Founded in 2018, Steliau Technology brings together two well established entities, each with in-depth know-how in their fields: Astone Technology, a specialist in the electronics sector for more than twenty years, which benefits from a high level of technical expertise in Connectivity, Internet of Things, Display, Energy conversion and Audio components, and Silfox, renowned for its thermal, connector and mechatronics expertise. The Group has a total headcount of around sixty people located in the offices of Fresnes and Montrouge.

Following the merger of the two entities, Steliau Technology has a commercial portfolio with complementary positioning to propose a range of products and services adapted to suit each professional customer profile.

Steliau Technology customer base includes around 1 000 companies from sectors such as Transportation, Industry, Consumer Goods, Healthcare, Retail, Defense & Aeronautics, Automotive. In March 2021, Special-Ind integrated Steliau International, which is the Group holding company. Special-Ind an Italian value-added distributor of electronic and electromechanical components addressing Italian and international customers. The company mainly addresses Automotive Harnesses, Hybrid Electric Vehicles and Electric Vehicles, Connectors, Electromechanics, Embedded systems and Energy conversionSpecial-Ind customer base includes around 1 000 companies from sectors such as Automotive, Aerospace, Industry and Customer goods. The company has around 140 employees based in 4 locations: Milan, Paris, Berlin and Barcelona.

About InterDipros

Set up in 2005 and located in Verano Brianza (North of Milan), Interdipros mainly specializes in the value-added distribution of sensors for touch screens as well as cabling solutions on behalf of customers involved in a large variety of industries.

The company benefits from a certified clean room dedicated to the assembly, integration, and customization services of the solutions according to the technical needs of its customers.