Information on the target
OMIS Group, a Vicenza-based company specializing in industrial lifting and transport systems, has successfully acquired the remaining 25% stake in Elephant, a Rimini-based manufacturer of lifting equipment, from founder Marco Baffoni. This transaction, valued between €2 million and €3.5 million, was completed at the end of August 2026 and marks the culmination of a buyout initiated in mid-2024, when OMIS secured a 75% majority stake in Elephant. With this acquisition, Elephant is now a wholly-owned subsidiary of OMIS Group.
Founded in 1979 and headquartered in Coriano, Rimini, Elephant produces a range of lifting equipment including jib cranes, overhead cranes, gantry cranes, hoists, and vacuum lifting systems. The company serves various sectors such as metalworking, marble, wood, glass, and food processing. In its latest fiscal year, Elephant reported revenues of approximately €8.6 million and an EBITDA of around €1.2 million.
Industry overview in the target’s specific country
The industrial machinery sector in Italy has demonstrated resilience and adaptability, particularly in the face of evolving market demands and technological advancements. Italy is renowned for its high-quality manufacturing capabilities, especially in the machinery and equipment segment, which includes industrial lifting systems. The country is home to numerous small and medium-sized enterprises (SMEs) that specialize in niche markets, contributing significantly to the overall industrial output.
In recent years, the Italian industrial machinery industry has experienced a shift towards automation and digitalization, driven by the need for increased efficiency and productivity. This trend has prompted manufacturers to invest in advanced technologies such as robotics, IoT, and AI, enhancing their competitive edge in both domestic and international markets. The integration of these technologies is particularly relevant for companies like OMIS and Elephant, which are positioned to capitalize on the growing demand for sophisticated lifting solutions.
Furthermore, Italy's strategic location within Europe provides a logistical advantage for industrial machinery manufacturers, facilitating access to key markets across the continent. The country's strong export orientation, particularly in machinery and equipment, underscores its importance as a global player in the industrial sector. As the demand for industrial lifting solutions continues to rise, driven by sectors such as construction, logistics, and manufacturing, the outlook for the Italian industrial machinery industry remains positive.
The rationale behind the deal The acquisition of the remaining stake in Elephant aligns with OMIS Group's strategic objective to consolidate its leadership position in the industrial lifting segment. By fully integrating Elephant into its operations, OMIS aims to enhance its produ…