Prim closes new acquisitions in Italy and Spain to reinforce its growth

Oct. 4 () –

The Prim Group has closed the purchase of the Italian company Easytech and the Catalan company Teyder, operations that reinforce “the leadership and growth” of the company both in the Spanish market and on an international scale, as reported by the company, which has not disclosed the amount of the transactions.

Both operations accelerate the fulfillment of the objectives of the Strategic Plan, designed with a horizon of 2025 and which supposes an “ambitious” growth program, both organic and through selective and profitable acquisitions.

With the acquisition of Easytech, an Italian company based in Florence with annual sales of 2.7 million euros last year, Prim takes another step forward in its international growth strategy and opens new markets both in Europe and in Asia. Japan and China.

For its part, Teyder is a Spanish company based in Barcelona and with more than 30 years in the Spanish market, which in 2021 had a turnover of 3.3 million euros.

Its acquisition will favor, as Prim has highlighted, a clear expansion of its catalog of products and services in the fields of orthotics, electric mobility and technical aids, in addition to reinforcing its technological capabilities for the manufacture of advanced textile products.

These purchases join those made in the first half of the year for the incorporation of the Valencian company Laboratorios Herbitas into the group and the entry into the company Aura Robotics, which have translated into a reinforcement of the growth of income and technological innovation of Prim .

In relation to the opening and consolidation of new markets, the purchase of Easytech supports the investment in the Portuguese Farma mais, made at the end of 2021 to reinforce the presence in the Portuguese market.

The company expects to close this year with a nominal gross operating result (Ebitda) close to the levels of the previous year, of 24 million euros, and an adjusted Ebitda with a growth of 12% compared to 2021.

“Despite the environment, which requires a close monitoring of the impact on the market and greater caution to execute new acquisitions, our strategy shows results that confirm that we are on track to achieve the goals in 2025”, the company has underlined.