Comelz S.p.a
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Comelz S.p.a - overview
Established
1943
Location
-, -, Italy
Primary Industry
Industrial Machinery
About
Based in Italy, Comelz S. p. a specializes in manufacturing advanced cutting machines and software tailored for the footwear, leather goods, automotive, apparel, and furniture industries. Comelz S.
p. a designs and produces cutting machines and software solutions, primarily serving the footwear and leather goods sectors. Founded in 1943, the company has undergone strategic alignments to enhance its product offerings. It was acquired in September 2017 by Neuberger Berman, which purchased an 80% stake for USD 80 mn.
The company operates globally, with its headquarters located in Italy. Comelz specializes in the production of advanced cutting machines and software specifically designed for the footwear, leather goods, automotive, apparel, and furniture industries. Their core product offerings include CNC (computer numerical control) cutting machines that integrate sophisticated software solutions to enhance cutting precision and efficiency. The machines are designed to handle various materials, including leather, synthetic fabrics, and textiles, serving a diverse client base that spans both multinational corporations and specialized small businesses.
Comelz's solutions facilitate automation in production processes, significantly improving productivity and reducing operational costs. The company operates in over 25 countries worldwide, providing support and maintenance through a network of partners, distributors, and retailers to clients seeking tailored cutting solutions that address complex manufacturing challenges. In 2023, Comelz reported a revenue of USD 81. 17 mn and an EBITDA of USD 29.
79 mn. The company generates revenue through the sale of its cutting machines and associated software solutions, primarily engaging in B2B transactions with clients across multiple sectors. Comelz employs a direct sales model, supplemented by strategic partnerships with distributors to reach a broader market. Clients purchase equipment based on specific needs, often opting for customized configurations that align with their production requirements.
In addition to equipment sales, Comelz provides ongoing support and maintenance services, fostering long-term relationships with clients. Comelz plans to leverage its recent funding from the Buyout Round in September 2017 to enhance its product development and expand into new markets. The company is currently designing innovative new products to be launched in the next 12 months, focusing on enhanced automation capabilities. Additionally, Comelz aims to penetrate emerging markets in Asia, specifically targeting countries like India and Vietnam by 2025, to broaden its customer base and increase market share.
Current Investors
Renaissance Partners
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.comelz.com/
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Comelz S.p.a - timeline of key events
Comelz S.p.a - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 18,547,452 | 23,252,332 | 23,490,624 | 26,199,816 | 28,135,451 | 33,310,033 | 40,668,101 | 50,043,123 | 59,314,321 | - | 25,526,541 | 44,367,375 | - | - | - |
| % Revenue Growth (YoY) | - | 25.4% | 1.0% | 11.5% | 7.4% | 18.4% | 22.1% | 23.1% | 18.5% | - | - | 73.8% | - | - | - |
| EBITDA (USD) | 4,058,845 | 5,434,490 | 5,805,006 | 7,364,710 | 8,641,407 | 11,036,213 | 16,863,360 | 20,991,013 | 24,829,951 | - | 4,916,027 | 14,309,700 | - | - | - |
| Operating Income (USD) | 3,620,865 | 5,007,813 | 5,411,991 | 6,959,132 | 7,901,693 | 9,944,725 | 15,669,483 | 19,634,578 | 23,338,816 | - | 1,986,373 | 11,041,157 | - | - | - |
| Operating Margin | 19.5% | 21.5% | 23.0% | 26.6% | 28.1% | 29.9% | 38.5% | 39.2% | 39.3% | - | 7.8% | 24.9% | - | - | - |
| % EBITDA Margin | 21.9% | 23.4% | 24.7% | 28.1% | 30.7% | 33.1% | 41.5% | 41.9% | 41.9% | - | 19.3% | 32.3% | - | - | - |
| NET Income (USD) | 1,933,627 | 3,129,666 | 3,674,126 | 4,643,953 | 5,290,564 | 6,790,583 | 10,276,856 | 14,042,064 | 14,922,383 | - | 14,611,763 | (8,116,442) | - | - | - |
| % Net Margin | 10.4% | 13.5% | 15.6% | 17.7% | 18.8% | 20.4% | 25.3% | 28.1% | 25.2% | - | 57.2% | (18.3%) | - | - | - |
Comelz S.p.a - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Develer S.r.l. | - | ||||||||
| Add-on | Completed | Camoga SpA | - | ||||||||
| Buyout | Completed | Comelz S.p.a | - |
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Comelz S.p.a - employee data
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