Norgestion advises on Geminis Sale to Inzu Group
Norgestion has acted as financial and legal advisor to Maher Holding, owner of Geminis, on the sale of the company to Inzu Group.
Inzu Group, the Gipuzkoan industrial group backed by Kutxa Fundazioa and employing around 1,000 people, has completed the acquisition of Geminis — along with its subsidiary Mekalerun — to create, together with Gurutzpe (based in Itziar), a new international benchmark in machine tools and horizontal lathes.
According to Norgestion, this is one of the most significant transactions in the sector over the past decade. The deal brings together the technical, financial and industrial capabilities of two “hidden champions” that previously competed with each other, while reinforcing, alongside the Gipuzkoan banking foundation, the local anchoring of two companies that have also attracted strong foreign investor interest. The combined group, which sustains around 200 direct jobs and a similar number of indirect positions, starts with approximately €70 million in revenue.
The transaction was handled by partners Alex Laskurain and Ane Alkorta, and lawyers Nikole Agirretxea, and Ander De Pablo and on the legal side, and Eduardo Gutiérrez and Paul Towned on the financial advisory side.
