21 Invest is happy to announce the investment in Aussafer Due, a leading Italian player in sheet metalworking, with a focus on precision laser cutting services.
Founded in the '60s by the Citossi family and based in the north east of Italy, Aussafer is specialized in sheet metalworking for applications in a variety of end industries, with a focus on electromechanics, offering laser cutting and other complementary services to integrate the production process towards the finished product. Thanks to the investment in the most advanced technologies, Aussafer can count on latest generation of machines, qualified staff and, above all, the established know-how of the company, which guarantees top quality, flexibility and efficiency in the production process, as well as a real competitive advantage built over the years.
The company operates in a factory in the province of Udine and counts around 100 employees. In 2019, Aussafer generated revenues of around €M 30, more than 25% of which were realized abroad. Claudio and Luisa Citossi, siblings who currently run the business and guided the company to reach its current level of excellence, were looking for a partner to support the next phase of development, with an increasingly central role for Giacomo Citossi, Claudio’s son, who will take on the role of CEO.
21 Invest stood out as the ideal partner to support the company in its development path thanks to its experience in market consolidation through build-ups.The ambitious strategy of future and long-term growth will be aimed at strengthening the leadership in the Italian market, the #2 market in Europe after Germany, as well as expand its international presence, through the increase in export and special attention to the sectors with the greatest potential.
The development strategy also aims to consolidate the market, which is particularly fragmented and full of opportunities to expand the business to new value-added services and technologies, with the objective of becoming a “one-stop-shop” for its clients.
“Ausaffer is a local industrial company that mirrors the characteristics of a strong and healthy business of our country” comments Alessandro Benetton, Founder and Managing Partner of 21 Invest. “The attention demonstrated by the Citossi Family and their current management through constant innovation, taking care of their customers and suppliers, and above all, never neglecting environmental sustainability, represent a key starting point for 21 Invest, which will share its competencies to create an industrial center of precision metal working”.
“We are delighted to begin a new development path with the support of a fund with the strategic competencies and attention to people and the environment like 21 Invest” declared Claudio, Luisa and Giacomo Citossi, current shareholders of Aussafer “these values have been, are and will always be fundamental to Aussafer Due, since we see them in ourselves and all our employers, who we warmly thank for their support and dedication and without whom our business would have never reached today’s results”.
Italy highlights and news
An update about our recent activities.