Electro System, a subsidiary of the Austrian Novomatic Group, has been sold to Faircap Gmbh Founded in the 1970s and headquartered in Imola (Bologna), Electro System, a subsidiary of the Austrian Novomatic Group, has been sold to Faircap Gmbh

Founded in the 1970s and headquartered in Imola (Bologna), Electro System, a subsidiary of the Austrian Novomatic Group, has been sold to Faircap Gmbh.
Electro System manufactures and assembles electronic boards and industrial wiring for applications ranging from automation to the medical sector. Since 1995 the company has also introduced the production of boards for gaming machines. The company has long-standing relationships with a first-class customer base, operating mainly in Italy.
The NOVOMATIC Group, more than 3 billion in sales in 2023, is one of the largest international manufacturers and operators of legal gaming technology and employs more than 24,500 people worldwide. Founded by entrepreneur Professor Johann F. Graf in 1980, the Group has operations in about 50 countries and exports high-tech gaming equipment and solutions to 100 countries.
FairCap GmbH is a pan-European investment company with offices in Munich, London and Milan specializing in the acquisition of small and medium-sized companies in special situations (carve-out, turnaround, succession). FairCap is a holding company that is not tied to a specific investment period (“evergreen structure”) and can hold investments for a long period of time. Unlike traditional financial investors, FairCap’s investment approach does not aim to generate short-term financial returns, but to build sustainable and healthy businesses that have a positive impact on the environment and society.
With the support of the new ownership Electro System will be able to pursue its growth and sustainability strategy, while with NOVOMATIC Group it will continue to collaborate on current and future business opportunities.

Novomatic was advised by Alberto Pantaleoni, Associate Partner of Cavour Corporate Finance.