Working alongside Seco S.p.A. in the acquisition of Garz & Fricke Group

IMI Corporate & Investment Banking Division acted as Mandated Lead Arranger, Bookrunner, Underwriter & Agent Bank in the financing transaction for a total amount of EUR 120M to support the acquisition of Garz & Fricke Group by Seco S.p.A.

Seco SpA, listed on the STAR segment of the Italian Stock Exchange, is a leader in the B2B digitisation and Artificial Intelligence sector and focuses on three business areas: Custom Edge Systems, embedded computer systems, Edge Platforms, miniaturised computers for use in Edge Systems, and IoT Solutions, Internet-of-Things solutions.

Garz & Fricke Group, based in Hamburg, is a leading developer of standard and custom Human-Machine Interface (HMI) edge solutions, their components and a custom ecosystem integrating IoT, software and payment systems.

The Group has supported and enabled a transformational acquisition, which has led to the creation of a reference group in the world of IoT-AI and edge computing in Europe and globally. Seco S.p.A. becomes the largest European player listed on the stock exchange and the third largest in the world.