Tecnomeccanica, of Novara, Italy, European leader in high-precision aluminium die-casting for components of automotive lighting. Sales of approximately € 20 million, growing in 2016 thanks to LED applications, with good EBITDA margin.

IDeA Capital Fund has been selected from all interested potential buyers worldwide, because Tecnomeccanica’s most important growth area is in LED-based lighting components and aluminium is environmentally superior to steel and plastics and IDeA.has a fund dedicated to energy efficiency and sustainability, IDeA Efficienza Energetica e Sviluppo Sostenibile.

Cross Border was selected as advisor for the sale because, together with its Global M&A worldwide partners, it has experience in automotive, lighting and energy efficiency.