Global Aerospace Technologies Investments S.à r.l., an independently managed investment subsidiary of Investindustrial Growth III SCSp (“Investindustrial”), has entered into an agreement to acquire a majority stake of Logic Group (“Logic” or the “Group”), a leading developer and manufacturer of mission critical electronic systems for the aerospace industry. The current shareholders will retain a minority stake in the Company and existing management, led by CEO Alessandro Franzoni, will remain in place.
Established in 1962 and headquartered in Cassina de’ Pecchi (Milan, Italy), Logic is a leading player in the design, manufacturing and sale of highly engineered electronic and electro-mechanical systems and components for the aerospace sector, including on-board computers and displays, electronic boards and integrated electronic components, fuel management and power management systems for aviation and space applications.
With over 60 years of operational expertise and technological know-how, Logic has built a strong reputation for quality and innovation. Supported by an experienced management team and 270 qualified employees across three sites in Italy, the Company is a trusted supplier to leading international blue-chip clients.
Investindustrial has a strong track record in partnering with families and entrepreneurs to accelerate the international growth of the companies it invests in. The investment in Logic is expected to accelerate its growth, by leveraging on both organic initiatives and targeted acquisitions.
Andrea C. Bonomi, Chairman of Investindustrial’s Advisory Board, said: "Logic is a distinguished market leader with exceptional engineering capabilities and strong, long-standing client relationships, with the ability to achieve a successful buy-and-build strategy through complementary acquisitions. We are excited about Logic’s growth potential and look forward to supporting the Company in the next phase of its growth, leveraging our deep industrial experience.”
Fabrizio Foresio, Chairman of Logic, said: "I am proud of the successful completion of this industrial transaction, envisaging Global Aerospace Technologies acquiring the Group. This transaction marks the beginning of a new phase which will allow Logic to successfully position its advanced technologies on a global scale. We will remain partners of Investindustrial in this new initiative, which is the first of its kind in Italy in the SMEs segment of the Aerospace supply chain.”
Alessandro Franzoni, CEO Logic, said: “We are excited to partner with Investindustrial as we enter the next phase of the Group’s growth journey. With Investindustrial’s infrastructure and strategic resources, we are confident in our ability to accelerate future success. This partnership not only reinforces our strong track record but also recognises the outstanding efforts of our current team.”
About Investindustrial
Investindustrial is a leading European group of independently managed investment, holding, and advisory companies with €17 billion of raised fund capital. With ESG principles deeply embedded into the Firm’s core approach, Investindustrial has a 35-year history of providing mid-market companies with capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion.
Certain companies of the Investindustrial group are authorised by, and subject to regulatory supervision of the FCA in the United Kingdom, the CSSF in Luxembourg and the FSRA in Abu Dhabi Global Markets. References to ‘Investindustrial’ are of generic nature, for ease of reading, and may refer, depending on the context, to a fund or any of its independently managed subsidiaries. Investindustrial’s investment companies act independently from each other and each Investindustrial fund. Additional information is available at www.investindustrial.com
About Logic Group
The Logic Group, established over 60 years ago and headquartered in Cassina de' Pecchi (Milan, Italy), is a leader in the design and production of advanced electronic and electromechanical systems for the aerospace industry. The group develops innovative solutions for fixed and rotary-wing platforms, such as onboard computers and displays, electronic boards, integrated electronic components, and fuel management systems, in addition to participating in major European space programs. With a highly qualified team of more than 270 employees, the Group continuously invests in research and development, and a significant portion of its workforce is dedicated to designing and producing cutting-edge technological solutions. The Logic Group is recognised for the reliability of its products, certified according to international quality and safety standards, and is considered a benchmark for advanced and innovative solutions, with a strong commitment to customer satisfaction and technological excellence. The Group also includes the companies Gelco SpA, Blu Electronic Srl, and Gemelli Srl.
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