Lenbach Equity Opportunities III. GmbH & Co. KG (“LEO III Fund”), a private equity fund advised by the DUBAG Group and specializing in special situation investments, has finalized the acquisition of ItalPresseGauss S.r.l. from Altor, effective March 30, 2026. The transaction represents the next step following ItalPresseGauss’ separation from the Norican Group in June 2025. The carve-out was implemented to allow the company to operate with greater strategic independence and dedicated resources, enabling stronger concentration on its core technological competencies and market positioning.
Emanuel Cattanei, Partner at DUBAG Group, states: “We are very pleased to support ItalPresseGauss in this next stage of its development. The company has a strong market position, a respected technological heritage, and significant potential for further growth. Together with the management team, we intend to strengthen the business’s innovation capabilities, further sharpen its customer offering, and support both organic expansion and selected acquisitions, particularly in Europe and the US.”
Working closely with the existing management team, the LEO III Fund plans to accelerate ItalPresseGauss’ technological advancement while supporting its international growth strategy. The objective is to further strengthen the company’s position among the world’s leading providers of high-pressure aluminum die-casting systems.
A central element of the future strategy will be continued investment in innovation and engineering capabilities to better address evolving customer requirements. Alongside organic expansion initiatives, the company will also evaluate targeted acquisition opportunities, particularly across Europe and North America. Structural trends within the automotive sector, especially vehicle electrification and the increasing demand for lightweight components, create favorable market conditions for aluminum casting technologies. These developments are expected to serve as significant long-term growth drivers for ItalPresseGauss.
Marco Gandini, Managing Director at ItalPresseGauss, explains: “We see this acquisition as a powerful enabler for our transformation journey. Our focus remains on delivering value to our customers, strengthening our capabilities, and driving continuous improvement across the organization. With the support of DUBAG Group, we are well positioned to accelerate our growth while preserving the continuity, culture, and customer-centric approach that define who we are.”
In response to these dynamics, the company aims to broaden its technology portfolio and expand its footprint in key international markets where demand for efficient, high-performance aluminum die-casting solutions continues to rise. Operational continuity remains a priority following the ownership transition. The leadership team and day-to-day business activities will largely remain unchanged, ensuring stability for customers, partners, and employees while maintaining established quality standards and long-standing business relationships.
Ludovico Denza, Head of Italy at DUBAG Group, comments: “We are delighted to announce the third acquisition of the LEO III Fund in Italy. This transaction represents another important step in strengthening our presence in the Italian market and provides a strong platform for continued growth in the region.”
About DUBAG Group and LEO III. Fund
Founded in 2009 and headquartered in Munich, DUBAG Group is an investment company specializing in complex and special situation transactions across Europe. The firm advises the private equity vehicle Lenbach Equity Opportunities III. GmbH & Co. KG (“LEO III Fund”), which focuses on mid-sized businesses undergoing transformational phases, including corporate carve-outs, operational turnarounds, succession transitions within family-owned enterprises, challenging capital structures, and late-stage portfolio situations involving financial sponsors.
The LEO III Fund pursues a pan-European investment approach, placing particular emphasis on opportunities within the DACH region as well as the Italian market.
About ItalPresseGauss
ItalPresseGauss S.r.l. (IPG) develops, manufactures, and services advanced equipment and automated production systems for aluminum casting processes, including high-pressure, gravity, and low-pressure die casting applications. The company supplies its technologies to customers worldwide and supports installed machinery throughout its entire lifecycle with comprehensive service solutions and dedicated customer support.
IPG’s engineering expertise is widely recognized for delivering innovative and flexible manufacturing solutions. Its machines are designed with modular architectures that allow customization according to individual production requirements, including the capability to manufacture large and complex aluminum cast components. Built for durability and long operational life, IPG systems operate at the core of foundry operations, enabling customers to increase efficiency, optimize productivity, and enhance long-term profitability while reducing operating costs.
