Landi Renzo S.p.A
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Landi Renzo S.p.A - overview
Established
1954
Location
-, -, Italy
Primary Industry
Oil & Gas
About
Landi Renzo S. p. A is an Italian company that specializes in the development and manufacturing of eco-friendly LPG and CNG systems for vehicles, promoting alternative fuel solutions to reduce emissions and enhance vehicle efficiency. Founded in 1954, Landi Renzo S.
p. A is engaged in the design and production of alternative fuel systems for the automotive sector. The company has not shifted its core business strategy or operations significantly over the years. It operates headquarters in Cavriago, Italy, and has established a reputation as a reliable supplier of eco-friendly fuel systems.
The company was founded by individuals whose previous ventures are not publicly documented. In March 2022, Landi Renzo S. p. A was the investment target in a funding deal led by Tamburi Investment Partners and individual investors, acquiring a minority stake in the firm.
The latest funding round involved a co-investment of EUR 300,000 from the company's CEO, Bert Mendoza. Landi Renzo specializes in the development and manufacturing of LPG (Liquefied Petroleum Gas) and CNG (Compressed Natural Gas) systems for vehicles, providing eco-friendly alternatives to traditional fuel sources. These systems are designed to reduce fuel costs, lower harmful emissions, and comply with various environmental regulations, thereby promoting cleaner air quality. The company’s core offerings include advanced LPG and CNG conversion kits, which are engineered to seamlessly integrate with a wide range of vehicle models, enhancing their operational efficiency.
Landi Renzo's products are primarily targeted towards automotive manufacturers, aftermarket vehicle installers, and individual consumers seeking environmentally sustainable fuel options. The geographical markets for these systems extend across Europe, with a notable presence in countries where stringent emissions regulations are in place, including Italy, Germany, and France. In the most recent fiscal year of 2023, Landi Renzo reported a revenue of EUR 328,332,542. 90 and an EBITDA of EUR 96,333.
10. The recent acquisition in March 2022 will support Landi Renzo's expansion plans in both the compression and automotive segments. The company is expected to launch new products that enhance the efficiency of its existing LPG and CNG systems. Specific details regarding product release dates have not been publicly disclosed.
Furthermore, Landi Renzo is targeting expansion into new geographic regions, with a focus on emerging markets in Eastern Europe by 2025. The recent funding will be utilized to facilitate these initiatives and support the development of advanced technologies that align with their growth strategy.
Current Investors
Tamburi Investment Partners
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Petroleum Wholesale Distribution
Website
www.landirenzo.com
Company Stage
Mature - Growth Capital
Total Amount Raised
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Landi Renzo S.p.A - timeline of key events
Landi Renzo 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 197,497,699 | 112,591,892 | 136,703,141 | 92,978,259 | 95,215,020 | 82,452,280 | 72,818,797 | 111,073,954 | 135,986,583 | 139,730,306 | 142,455,000 | - | - | - |
| % Revenue Growth (YoY) | - | (43.0%) | 21.4% | (32.0%) | 2.4% | (13.4%) | (11.7%) | 52.5% | 22.4% | 2.8% | 1.9% | - | - | - |
| EBITDA (USD) | 22,258,035 | (3,345,903) | 8,851,564 | (622,338) | (2,027,217) | (10,838,903) | (9,142,647) | (4,748,065) | 11,894,324 | 16,680,659 | 6,652,000 | - | - | - |
| Operating Income (USD) | 14,393,368 | (12,432,040) | 470,313 | (8,941,164) | (10,309,097) | (21,683,570) | (17,848,392) | (16,019,041) | 4,466,473 | 7,728,803 | (5,541,000) | - | - | - |
| Operating Margin | 7.3% | (11.0%) | 0.3% | (9.6%) | (10.8%) | (26.3%) | (24.5%) | (14.4%) | 3.3% | 5.5% | (3.9%) | - | - | - |
| % EBITDA Margin | 11.3% | (3.0%) | 6.5% | (0.7%) | (2.1%) | (13.1%) | (12.6%) | (4.3%) | 8.7% | 11.9% | 4.7% | - | - | - |
| NET Income (USD) | 9,691,599 | (8,529,753) | 5,531,904 | (15,582,931) | 211,779 | (37,702,190) | (28,985,861) | 1,938,986 | 226,353 | 2,705,828 | (7,850,000) | - | - | - |
| % Net Margin | 4.9% | (7.6%) | 4.0% | (16.8%) | 0.2% | (45.7%) | (39.8%) | 1.7% | 0.2% | 1.9% | (5.5%) | - | - | - |
Landi Renzo 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Landi Renzo S.p.A | - | ||||||||
| Add-on | Completed | Metatron S.p.A | - | ||||||||
| Trade Sale | Completed | Officine Lovato | - |
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Landi Renzo S.p.A - employee data
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