IMA and Charme acquire 84% stake in ATOP

The pan-European private equity fund Charme III, in partnership with IMA, has acquired an 84% stake in Barberino, Florence-based company ATOP, a world leader in the production of machines and automatic lines for electric motor stators and rotors.

Founded in 1993, ATOP has reported growth rates above 10% for the last three years and closed 2016 with revenues of around 48 million euros and more than 180 employees.

The project offers IMA an important opportunity to further strengthen its position in the field of automatic machinery for the automotive sector, where it already operates with its business automation division. The operation was concluded through a special purpose vehicle controlled by Charme III in which IMA has a 25% stake. The overall financial investment for the Bologna-based company is valued at 15.8 million euros.