NEWS: Russell Kennedy Deal Sheet – Techni Waterjet sold to GMM Stone Machinery


Russell Kennedy has advised the founders of Techni Waterjet (TWJ) on the sale of a majority interest to Italian company, Gravellona Macchine Marmo (GMM).

Legal advisors: Russell Kennedy Lawyers (TWJ) & Alpeggiani & Associati, Italy (GMM)

Lawyers Weekly covered the deal here. 

TWJ manufactures patented waterjet cutting machines in the areas of metal, stone and glass and has approximately 60 employees based in Melbourne, Thailand and the United States.

The buyer, GMM, is based in Italy and manufactures milling and polishing machines for marble, granite and synthetic materials and has approximately 100 employees across Europe, the United States and Hong Kong and exports its products to over 75 countries.

This cross-border transaction included negotiations between Australian and Italian legal advisors in Milan, where the transaction documents were signed.

Russell Kennedy Principal, Andrew Chalet, said “We were pleased to assist our client on completing this milestone transaction and look forward to seeing their business continue to grow as part of the GMM group internationally. This transaction is an illustration of Russell Kennedy’s ability to advise on complex M&A transactions, including across a range of legal practice areas”.  

Russell Kennedy’s team was led by Andrew Chalet (Principal, Corporate Advisory/Intellectual Property) and assisted by Andrew Parlour (Principal, Corporate Advisory), Anthony Massaro (Principal, Employment), Dr Peytee Grusche (Special Counsel, Intellectual Property) and Felicity Iredale (Lawyer, Corporate Advisory).

Further assistance

For assistance regarding mergers and acquisitions, please contact Andrew Chalet.

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