Callista Private Equity GmbH has acquired Speedline S.r.l. from RONAL GROUP to enhance its automotive portfolio and target the premium market segment.

Target Company Overview

Callista Private Equity GmbH has announced the acquisition of Speedline S.r.l., along with its brands "Speedline" and "Speedline Corse," from the RONAL GROUP. Located west of Venice, Speedline specializes in the development and production of high-quality aluminum wheels for passenger vehicles and is a leader in Flow-Forming technology. The company conducts nearly all production processes in-house, making it a trusted partner for premium and luxury original equipment manufacturers (OEMs) due to its high standards of quality.

The decision to sell Speedline was prompted by poor economic performance, reflecting broader challenges faced by the automotive industry, including the impacts of the COVID-19 pandemic, the Ukraine conflict, and rising raw material costs. These pressures exacerbated an excess of manufacturing capacities in the European rim market, leading Speedline into a crisis of success. The seller has retained ownership of the "Speedline Truck" brand and has established a coexistence and non-competition agreement with the buyer to prevent overlapping in their respective business operations.

Industry Overview in Italy

The automotive industry in Italy has faced significant challenges in recent years. Major disruptions include the global pandemic, which caused production halts and supply chain issues, and geopolitical tensions that have exacerbated market instability. Additio