A new productive pole is born, Minerva Hub. The new conglomerate gathers together six Italian highly specialized manufacturers of components and materials for luxury products.
The pole is the result of the merger of XPP Seven and Ambria Holding, two entrepreneurial initiatives that have brought together six highly specialized companies in the sector.
XPP Seven is a holding controlled by the Luxembourg private equity fund Xenon Private Equity and includes four companies specialized in the finishing and production of articles for the high fashion sector.
Ambria Holding is a company born from the acquisition and integration of two companies linked to the luxury market in the electroplating and metal chain production.
The group counts over €101 million of annual revenues, a portfolio of about 1,000 customers and 434 direct employees and comprises companies from various Italian productive districts. They are: Galvanica Formelli, Koverlux, Quake, SP Plast, Zeta Catene and Zuma Pelli Pregiate.
All the companies mostly operate in the fashion luxury market, but can also serve other segments including high-end design, sportswear, beauty, jewelry and automotive. All of them are driven by a strong commitment to production, economic, social and environmental responsibility. Minerva Hub has also been investing in ESG (Environmental Social and Governance) and traceability, as transparency and socially responsible practices are important for the group.
"Minerva Hub was born from the clear industrial project to create a platform at the service of luxury brands able to offer complete, more innovative and creative solutions coordinated by the best Italian manufacturing. We wanted to create a container where the Italian ability to produce ‘the beautiful and the well-done’ can reach unreleased, modern and sustainable forms,” continued Marzotto, explaining that the new aggregation aims to acquire other companies, probably three more already by the end of 2022.