Elvacenter and Donati join forces (from left to right): Alex Deconynck (Elvacenter/Elvaparts), Melvin Kool (Elvacenter/Kool Elevator Parts), Alessandro Cattelan (CEO Donati), Rodolfo Basilico (CFO Donati) (Photo: © Donati)
January 2025
Donati is putting out its feelers in the BeNeLux region. The component supplier from Italy has purchased its competitor Elvacenter, which operates primarily in Belgium and the Netherlands.
With the acquisition of Elvacenter – which was formed from the merger of the Dutch company Kool Elevator Parts and the Belgian company Elvaparts in March 2022 – Donati aims to strengthen its position in Europe. Donati says it stocks over 16,000 items and supplies 5,000 customers, with whom it generates a total turnover of more than €38 million. Elvacenter offers almost 14,000 products through its online store. In 2022, it generated a turnover of 7 million euros, according to its website.
"This important operation represents the union of two leading companies in their respective geographical markets,"’ said Alessandro Cattelan, CEO of Donati. The acquisition of Elvacenter Group will strengthen Donati's leading position in Europe, enabling it to capitalise on geographical synergies and its product assortment. The two managing directors of Elvacenter, Melvin Kool and Alex Deconynck, are pleased to be able to contribute ‘to Donati's vision of sustainable growth and innovation’ and to use their experience to ‘drive further international expansion’. According to Melvin Kool, he and Alex Deconynck will remain managing directors of Elvacenter after the takeover.
Since June 2022, Donati S.p.A. has been majority-owned by the British asset manager EOS Investment Management Group, which was founded by Ciro and Natalino Mongillo. Senior partner Gianni Galasso described the acquisition of Elvacenter as ‘another important step in the internationalisation of Donati’. By entering the Belgian and Dutch markets directly through an already well-positioned player, Donati is accelerating its geographic expansion in Europe in parallel with that of its offering.
Simest has contributed three million euros to the acquisition. The investment funder is part of the group of the credit institution Cassa Depositi e Prestiti (CDP), which is majority-owned by the Italian state. Simest's goal is to support Italian companies in their growth through internationalisation.
More information: donati.it
elvacenter.com
eosimgroup.com
simest.it/en
cdp.it
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