BRIEF

on IDI (EPA:IDIP)

IDI acquires majority stake in EXSTO

Stock price chart of IDI (EPA:IDIP) showing fluctuations.

IDI, a leading private equity company in France, announced the acquisition of a majority share in EXSTO, a company specializing in high-performance elastomer solutions. This operation, carried out alongside EXSTO's management team and historic minority shareholders, marks a new stage in EXSTO's development, allowing the exit of previous investors and the reinvestment of long-standing partners.

EXSTO, founded in 1976 and based in Romans-sur-Isère, is recognized for its expertise in the field of elastomers, covering various sectors such as health, automotive and industry. With a turnover of 69 million euros in 2023 and nearly 360 employees spread across several production sites, the group has been able to diversify and extend its influence internationally. EXSTO's strategy, supported by IDI, will focus on organic and external expansion, particularly targeting the European and American markets.

IDI and EXSTO executives express enthusiasm for this collaboration, envisioning multiple growth opportunities for EXSTO in a fragmented market. This acquisition is part of IDI's strategy to transform industrial companies into leaders on a European or global scale.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all IDI news