AUCTUS intends to expand the Delo platform through highly targeted acquisitions
AUCTUS invests in Delo Instruments Srl, a leading Italian provider of integrated hardware and software testing solutions
The transaction
AUCTUS has entered into a strategic partnership with Delo Instruments S.r.l., a leading Italian provider of integrated hardware and software solutions for advanced testing systems. Together with CEO Arturo Caracciolo, who reinvested as significant shareholder, AUCTUS has acquired 100% of the company’s shares to support the next phase of growth and strengthen Delo’s position across key end-markets.
Founded in 1981, Delo has evolved from a distributor of measurement instruments into Italy’s leading one-stop-shop for the integration, customization, and maintenance of high-end test and measurement equipment. The company combines standard hardware and software from top-tier global suppliers with bespoke automation scripts and tailored software solutions, supported by calibration, certification, training, and long-term service capabilities. Delo today serves a highly diversified client base across telecommunications, data centers, power-supply applications, broader communications infrastructure, and the defense sector.
With revenues of approximately €35 million, Delo stands as a national benchmark for technical excellence, system integration, and customer-centric engineering in test and measurement solutions.
AUCTUS strategy
AUCTUS and CEO Arturo Caracciolo will work closely together to further professionalize and scale Delo Instruments. The partnership aims to strengthen the company’s market position through a combination of organic growth initiatives and strategic expansion.
“We are proud to partner with Delo Instruments in this new phase of its evolution. The company has built an outstand-ing reputation for technical excellence, innovation, and customer-centric service. We firmly believe in its long-term potential and in the strength of its CEO. Together, we will accelerate Delo’s growth trajectory, expand its presence across strategic end-markets, and further enhance its capabilities to serve clients with state-of-the-art testing solutions.”
Marco Bortot, Head of AUCTUS Italy
Furthermore, AUCTUS and the management team expect to pursue selective Buy-and-Build opportunities to complement Delo’s unique value proposition — for example through the acquisition of niche service providers, specialized calibration companies, or system integrators with strong positions in adjacent technology segments.
“With its strong position across key end-markets and growing demand for advanced testing solutions, Delo Instruments is well positioned for further growth, and we are pleased to be part of the company’s process of exe-cuting its strategic initiatives and expanding its market presence.”
Marco De Franco, Investment Professional at AUCTUS Italy
Buy-and-Build – What we are looking for
AUCTUS intends to expand the Delo platform through highly targeted acquisitions that complement the company’s core competencies in high-end testing and measurement systems. Potential add-on profiles include:
- Specialized distributors or integrators of testing and measurement equipment
- Providers of calibration, certification, or long-cycle maintenance services
- Niche software developers with automation, test-script, or data-analysis capabilities
- Companies with strong customer access in telecoms, data centers, industrial automation, or power electronics
The platforms focuses primarily on Italy and neighbouring European markets with an EBIT/EBITDA > EUR 1.0 million.
“I am thrilled to continue leading Delo Instruments together with AUCTUS. This partnership strengthens our foundation for growth and deliver even greater value to our clients. I remain fully committed to the company and its future, and I look forward to driving the next chapter of our development.”
Arturo Caracciolo, CEO Delo Instruments
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Informazioni su Auctus
Con oltre 470 investimenti negli ultimi 25 anni, AUCTUS è la società di investimento più attiva per le PMI europee. I nostri investimenti si concentrano su partecipazioni di maggioranza in aziende con un fatturato annuo compreso tra 10 e 150 milioni di euro.
AUCTUS è sinonimo di crescita organica sostenibile, ma anche di crescita inorganica attraverso le acquisizioni. Raggiungiamo questo obiettivo grazie a una partnership di fiducia con i dirigenti delle nostre aziende. Siamo specializzati nella creazione di gruppi di aziende di medie dimensioni di successo: creiamo leader di mercato. Gli oltre 35 esperti di investimenti di AUCTUS gestiscono attualmente 50 piattaforme di investimento in diversi settori economici. L'insieme delle partecipazioni della piattaforma, con un totale di oltre 200 singole aziende, genera un fatturato annuo di 4 miliardi di euro. >Le vendite e gli utili sono cresciuti del 10% all'anno per anni.
Il nostro lavoro di successo viene regolarmente premiato con prestigiosi riconoscimenti e classifiche internazionali.
