Acquisition of 55% of the shares in Climan srl and Idro Calor srl finalised

The operation gives a further boost to the Group’s strategy to become the top Italian industrial business delivering technical assistance in the plumbing and heating sector throughout Italy

Pescarolo ed Uniti (CR), 27 September 2023 – Lindbergh S.p.A. (EGM:LDB), the Group operating in Italy and France in the MRO (Maintenance, Repair and Operations) sector, providing logistics services to technical assistance networks in the Waste management/circular economy sector, today announced that the acquisition of 55% of the shares in Climan Srl and Idro Calor Srl has been finalised. The operation was completed by the subsidiary SMIT Srl (Società Manutenzione Impianti Tecnologici), in which Lindbergh holds 77,5% of the shares.

The operation is part of the strategic vision of the Group, which aims to become the top Italian industrial business delivering technical assistance in the plumbing and heating sector throughout the country. The operation follows the recent acquisition of 100% of Gatti Ermanno Srl (see press release of 31 July 2023) in Corridonia (MC), allowing SMIT Srl to further develop its network of technicians.

With headquarters in Parma, both companies belong to the same majority shareholder, Dilda Gian Luca, and work in the repair, maintenance, assistance and installation of plumbing and heating systems, boilers, HVAC and water purification systems. Climan Srl and Idro Calor Srl operate through a direct network, respectively with 7 and 8 technicians. With these acquisitions, today SMIT Srl controls a network of 27 technicians.

In 2022, Climan Srl recorded a turnover of €689,000 and an EBITDA (IAS/IFRS) of €42,000 (the average annual turnover for the last 3 years was €640,000, the average annual EBITDA (IAS/IFRS) for the last 3 years was €70,000).

In 2022, Idro Calor Srl recorded a turnover of €808,000 and an EBITDA (IAS/IFRS) of €93,007 (the average annual turnover for the last 3 years was €800,000, the average annual EBITDA (IAS/IFRS) for the last 3 years was approximately €80,000).

Matteo Vaccari, Director of SMIT Srl, stated: “With these two new acquisitions, we now directly control around thirty technicians. We confirm our target of 100 technicians in the next two years. In the coming months, all the technicians will be using the same IT platform to plan and manage their maintenance activities, and we will also be rapidly optimising all the warehouses, managing spare parts stocks centrally, with significant economic and operational advantages. We will be launching the services provided by Lindbergh throughout the network, to recover operational efficiency and effectiveness. We also want to become increasingly attractive for new technicians who would like to join our organisation.”

 

Details of the operation

Today, SMIT Srl acquired 55% of the share capital in Climan Srl from the majority shareholder, for a value of €96,250.

SMIT has also acquired 55% of the share capital in Idro Calor Srl from the majority shareholder, again for a value of €96,250.

The amounts due will be paid, for a total of €60,000 on finalisation (today), while the remaining €132,500 will be paid in 4 instalments of €33,125 each, in January 2024, July 2024, January 2025 and July 2025.

The agreement also includes an option for SMIT Srl, which may be exercised by 31/12/2025, for a further acquisition of the shares held by Gian Luca Dilda, equal to 35% of the share capital of Idro Calor Srl and 25% of Climan Srl. The price of these two acquisitions has been agreed for a total of €105,000, divided as follows:

1) €43,750 for the remaining shares in Climan Srl, equal to 25% of its share capital

2) €61,250 for the remaining shares in Idro Calor Srl, equal to 35% of its share capital

Gian Luca Dilda, founder and main shareholder of both companies, will remain the sole director for the time being.

It is reported that the operation is not considered relevant pursuant to Article 12 of the Euronext Growth Milan Issuers’ Regulation.

 

Read the press release

New customer signs multi-year agreement with Lindbergh France

PRESS RELEASE

 

The French company further consolidates its role as a supplier of in-night in-boot spare parts distribution services in the market of manufacturers of household appliances.

Pescarolo ed Uniti (Cremona – Italy), 27th April, 2023 – Lindbergh S.p.A. (EGM:LDB), Group active in Italy and France in the MRO (Maintenance, Repair and Operations) sector for the supply of logistics services for companies staffed with a network of field service engineers and waste management services announces that a new multiannual contract has been signed for the subsidiary Lindbergh France.

In particular, the contract signed concerns the provision of in-night in-boot distribution services of spare parts for a major player, operating in the field of maintenance services on household appliances with approximately 140 field service engineers operating throughout France. It is expected that the services will be up and running by September 2023, while the contract will be in force until June 30, 2026. According to the expected volumes the contract value is 1,5 million Euros.

Andrea Allegrini, Sales Director of Lindbergh S.p.A, declares: “Since our arrival in the French market, we have immediately noticed a great receptivity of the major players in the after-sales service market to our offer of services. This new contract, in addition to the activities of prospecting and negotiation that we are carrying out, gives us the confirmation that the direction taken is the correct one. Focusing our commercial strength on companies with important networks of field service engineers brings huge opportunities for growth of our “core” in-night distribution service and, above all, gives us the opportunity to develop new high added value services that represent a true competitive advantage for all our customers.”

Three new customers in Italy and France

PRESS RELEASE

Lindbergh S.p.A. spreads its presence in Italy and France, starting the collaboration with 3 companies working in the MRO industry

Pescarolo ed Uniti (Cremona – Italy), 01 February 2023 – Lindbergh S.p.A. (EGM:LDB), company at the head of the homonymous Group active in Italy and France in the MRO (Maintenance Repair and Operations) sector for the supply of services, products and logistics solutions for field engineers-based companies, delivered through its technological platform T-Linq, communicates the start of the collaboration with three Companies (two for the Italian market, one for the French market).

In Italy, Lindbergh has implemented its services for Karrell Srl, dealer for “STILL” brand (KION Group), and with Assistenza Lariana Carrelli Srl, dealer for “Linde” brand (KION Group). Both companies operate in the sales, rental and maintenance sector for forklifts and industrial equipment. Lindbergh has also started the collaboration with DUELLE SRL LOMBARDIA LIFT, a company operating in the design and installation of lifts and elevators. In total, these companies count a total of 80 field engineers, for whom Lindbergh will be able to provide its in-night in-boot logistics services.

In addition, Lindbergh France (subsidiary for the French market) has started delivering a test phase for its in-night in-boot delivery service with a Company – primary player in the maintenance of hi-end home-appliances – counting over 130 technicians in France, hence increasing the capillarity of Lindbergh network all over the country.

These new agreements are strategic for the commercial development of Lindbergh, which in total estimates a contribution to the growth of revenues of about 800 thousand euros by 2024 for its “Network Management” Business Unit.

Lindbergh sponsors “Vanoli” Basketball Team

PRESS RELEASE

The company, based in Cremona (Italy), signed a sponsorship contract for the whole 2023.

Pescarolo ed Uniti (Cremona – Italy), 10th January 2023 – Lindbergh S.p.A. (EGM:LDB), company at the head of the homonymous Group active in Italy and France in the MRO (Maintenance Repair and Operations)sector for the supply of services, products and logistics solutions for field engineers-based companies, delivered through its technological platform T-Linq, announces the closing of a sponsorship agreement with the basketball team “Guerino Vanoli Basket”, currently playing in the “A2” series of the national championship in Italy. Lindbergh logo will be visible on the basketball court and on the advertising LEDs. Lindbergh will have the opportunity to invite suppliers and customers to attend the championship matches and to participate in B2B events.

Michele Corradi, CEO of Lindbergh, states: “This is a great opportunity for Lindbergh to increase the Brand Awareness at a local level. Therefore, we are pleased to be close and to support such a rooted reality in our territory as the Vanoli team. We have always supported the values of sport, and especially basketball, of which we share dedication, commitment and healthy competitiveness”.

t-linq app lindbergh

Site goes live!

Lindbergh has freshened up its digital communication through the creation of a new website, which is in line with contemporary web design and web usability standards and is optimised for mobile navigation.

A new platform for the company, which – while continuing to confirm its leadership in the integrated logistics sector – intends to present itself as the only firm that offers a nationwide night time delivery service for spare parts. Night deliveries are now the company’s core business.

Lindbergh in France

We are pleased to announce that, as of this year, Lindbergh is international. With our new branch, Lindbergh France, we will be able to export the experience, know-how, and valued services we have developed for the Italian market.
This is a testament to our customers’ trust in us to which we intend to respond the way we always do – by showing exactly how much we are worth on the job.

Lindbergh delivers maintenance technicians directly to the van

In Night Delivery

We are a company that offers value-added services, especially in this difficult historical moment. For example our In Night service, which makes it possible to deliver goods overnight, in agreed and unattended places.

If in other periods the presence of a person at the delivery was a safety guarantee nowadays unmanned deliveries are the only way to safeguard your health: we deliver your goods in your absence, before the start of the working day, on board your field engineers’ vans or in a locker that we can open with smart access devices.

Your wellbeing is at the centre of our thoughts as is also our commitment to continue to offer you valuable services.

Lindbergh is certified

Lindbergh recently obtained the following certifications:
1. OHSAS 18001:200
2. ISO 9001:2015
3. ISO 14001:2015

We strongly believe in the voluntary application, within our organisation, of a system that allows us to guarantee:
1. appropriate monitoring of workers’ health and safety, as well as compliance with compulsory legislation;
2. the continuous improvement of company processes and the application of an organised control system, to guarantee the efficiency of our organisation and the services provided.
3. monitoring of the environmental impact of our activities, in order to systematically strive for improvement consistently, effectively, and – above all – sustainably.

This is not a final achievement, but a starting point from which to guarantee stakeholders and all our customers the continuous improvement of business processes and the application of an organised control system, in order to guarantee the efficiency of our organisation and the services provided.