Essentra (LSE:ESNT), a global provider of essential components and solutions, has completed the acquisition of Boteco Srl, a family-owned Italian designer and manufacturer of mechanical components, following the satisfaction of pre-close conditions.
The deal was struck at 6.5x EBITDA on Boteco's twelve months to 31 December 2025, and Essentra expects the acquisition to be accretive to group margins and adjusted earnings per share in the first full year of ownership, with a return on invested capital of 15% anticipated by the third full year.
Boteco strengthens Essentra's position in machine and automation end-markets, which the company describes as a close adjacency to its existing product portfolio.
"Boteco is a clear example of Essentra's disciplined bolt-on M&A strategy: acquiring specialist businesses that enhance our product capabilities, broaden our customer offering and generate attractive financial returns," said CEO Scott Fawcett.
The acquisition was first announced on 20 May.
