A new start for SAMP
Sampsistemi is proud to announce a new start following its recent acquisition by Swiss-based HVD Partners. This important step provides SAMP with a firm financial base that will allow it to continue to innovate and to better serve its valued clients around the globe. The company has thus preserved its legacy of Italian engineering, craftsmanship and innovation.
In July, 2021 HVD Partners has acquired the assets of Italy’s Sampsistemi Srl and Sampsistemi Extrusion Srl through a process administered by the Court of Bologna. The deal includes Sampsistemi and Sampsistemi Extrusion in Italy, Samp China, Samp USA and Samp Brasil, including Cortinovis do Brazil. The deal includes 45% of Setic and Pourtier, the remainder of which is owned by the Gauder Group.
HVD will invest in the revitalization of the company’s international operations and brand in the U.S., China and Brazil from its headquarters in Bentivoglio, Italy.
Jouni Heinonen, Managing Partner of HVD Partners, comments, “SAMP is a globally recognized Italian champion. We look forward to working with the management to restore the company on a path of profitable growth, serving customers from existing locations in all major expansion markets.”
HVD Partners, which describes itself as “a specialized transformation service provider helping banks, private lenders, corporations and private equity funds to rapidly develop and divest non-core activities,” has been active in the cable field before.
In 2018, HVD led the carve-out of Solifos AG—a Swiss manufacturer of specialty fiber optic cables for distributed sensing and mission-critical defense applications— from Brugg Cables. Changes were rapidly implemented to transform the business from a legacy of steep losses (-15% EBITDA) to a profitable stand-alone business in six months. On Dec. 11, 2020, it agreed to sell Solifos AG to NBG GmbH.