Acquisitions in Liguria, Italy

Turkish unmanned aircraft manufacturer Baykar has acquired Italian aircraft maker Piaggio Aerospace following approval from Italy's Ministry of Enterprises and Made in Italy. The deal gives Baykar traditional aircraft manufacturing, MRO and engine capabilities in Italy and supports plans to preserve jobs and expand production at Piaggio's facilities.

Saudi industrial investor Dussur has signed an agreement to acquire a minority stake (expected to be less than 20%) in Italmatch Chemicals from Bain Capital Private Equity and will invest an additional €100 million via a capital increase. The transaction, expected to close in H1 2023 subject to customary approvals, aims to strengthen Italmatch's presence in the Middle East and support regional localization and growth.

Platinum Equity has acquired De Wave Group from Xenon Private Equity. Headquartered in Genoa, Italy, De Wave is a marine contractor specializing in cruise ship interiors (new build and refit) with facilities in Italy, Poland, Singapore and the United States; Platinum Equity said it will support organic growth and pursue prospective acquisitions to expand the company's product offering and capabilities.