Tecno Cover

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Tecno Cover - overview

Established

2004

Location

-, -, Italy

Primary Industry

Consumer Products

About

Established in 2004, and based in Carre VI, Italy, Tecno Cover Srl markets its products under the STOVEitaly brand and is active in the design and production of pellet stoves and inserts. In September 2022, Finint Investments SGR SpA, along with the company's management, acquired a majority stake in Tecno Cover Srl. The company creates pellet stoves and inserts. As a result, the reference market is heat production, with a focus on renewable sources with high energy potential, greater economy than traditional liquid and gaseous fuels, and low carbon monoxide emissions.


The September 2022 investment will support the growth of Tecno Cover's production capacity, the expansion of the product range, the consolidation on the French market and the penetration in other European geographies, as well as the implementation of a company structure in order to support growth goals.


Primary Industry

Consumer Products

Sub Industries

Household Appliances

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Tecno Cover - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutAnnouncedTecno Cover-

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