Cavour Corporate Finance advised the shareholders of Eurolabour in the 100% share purchase by Trenkwalder, the leading Austrian Group in the personnel services.
With this acquisition Trenkwalder aims to play a leading role in the Italian market. Including Eurolabour acquisition the Group had a consolidated turnover of 140 million € with a 6,2 million € EBIT, 70 branches in Italy and 180 employees. They also intend to open 80 new branches in 2008 and to reach over 500 million € in sales within 2011 and a market share of 4,62%.
With the brands Sinterim, Sintex, Sintexecutive and Ergonline, Eurolabour is one of the leading companies in Italy in the personnel services for size and turnover.
With this acquisition, which is based on sharing of common values, partnership and integration with Eurolabour, Trenkwalder Group becomes a leading global player with 1 billion Euro global sales and 400 branches all over the world.