ItalPresseGauss Embarks on a New Journey - Moves Forward Independently

Following a recent strategic review of Norican Group’s various businesses, it was decided to streamline its technology portfolio with a different organizational setup. Consequently, ItalPresseGauss will separate from the rest of Norican Group and transition to independence through a management buyout (MBO).

While the company will now be independently managed, it will continue to benefit from the backing of Altor - the same owners that have supported the company this far through Norican Group.

This strategic move will give IPG more agility, flexibility, and autonomy to drive innovation, accelerate decision-making, and better serve its customers.

The company’s operation on its new and independent journey offers several key advantages for customers:

Increased Agility and Flexibility
IPG can move faster and more decisively in response to market changes, ensuring that customers receive timely and innovative solutions tailored to their requirements.

Enhanced Decision-Making Power
With a streamlined leadership structure, IPG can make even more business focused and faster decisions, allowing for a more responsive and dynamic approach to customer needs and industry trends.

Focus on Innovation
As a standalone entity, IPG can allocate and focus its resources and efforts on continuous innovation on products and solutions. Customers will benefit from cutting-edge products and services that push the boundaries of what’s possible in die casting.

Stronger Customer-Centric Approach
The move allows IPG to closely align with its clients' expectations, providing even more tailored solutions and offering a personalized experience that meets the demands of today’s market with advanced and uniquely configured die casting solutions.

Improved Financial Performance
Operating independently provides ItalPresseGauss with greater financial freedom to allocate resources effectively, resulting in enhanced efficiency and potential for long-term growth.

Die Casting Technology Center in Italy
IPG will continue to serve customers globally and will now re-center the core of its technological innovation and customer support within the IPG Technology Center in Italy with full responsibility of product technology, application development and sales and service processes. This facility, located where the company has always been based, will serve as a hub for the development and execution of advanced technological solutions, technical support, service activities and spare part logistics.

"We are excited about this new chapter for IPG," said Marco Gandini, CEO of ItalPresseGauss. "This move is all about being more responsive to our customers and market needs. We believe that by becoming more independent, and with a simplified organization setup, we can continue to innovate and deliver the best possible value to our stakeholders. Together with our Chairman, Peter Holm Larsen, we are extremely committed to succeed in this new challenge and opportunity, supported by a strong team of motivated professionals and young talents."

As part of its new journey, IPG remains committed to its core values of excellence, integrity, and customer satisfaction. The company is confident that this strategic move will enable it to effectively respond to market challenges and seize new opportunities for growth.