Sampsistemi Srl's Assets to be Sold to HVD Partners via Italian Court Bid - Wire & Cable India
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Sampsistemi Srl’s Assets to be Sold to HVD Partners via Italian Court Bid

HVD Partners is to acquire the assets of Sampsistemi (SAMP) and Sampsistemi Extrusion as part of a scheme of arrangement administered by the Court of Bologna.

July 23, 2021

Sampsistemi
The HVD and Sampsistemi team after signing

HVD Partners has reached an agreement with creditors and has won a competitive bid by the Court of Bologna to acquire the assets of Sampsistemi S.r.l. and Sampsistemi Extrusion S.r.l. as part of its restructuring plan.

Founded in 1936 as Societá Anonima Meccanica di Precisione (SAMP), the company prides itself in delivering high-performance wire & cable production equipment, spare parts, and services, with thousands of machines operating around the globe.

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HVD will invest in the revitalization of the company’s international operations and brand in the US, China, and Brazil from its headquarters in Bentivoglio, Italy.

HVD Partners has announced that it has entered into a definitive agreement to acquire the assets of Sampsistemi S.r.l. (“SAMP” or “the Company”) and Sampsistemi Extrusion S.r.l. as part of a scheme of arrangement administered by the Court of Bologna.

SAMP supplies precision machines, spare parts, and services to leading wire and cable manufacturers around the globe from locations in Italy, China, Brazil, and the United States. Consistent with its long history of superior engineering and Italian craftsmanship, the company designs and manufactures the most innovative and high-performance machines in the industry.

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Jouni Heinonen, the Managing Partner of HVD Partners, adds: “Sampsistemi 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.”

Bär & Karrer Zurich and BonelliErede Milano acted as legal advisors and Humatica as an organizational due diligence advisor to HVD Partners.

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