The Biesse Group which designs, manufactures and distributes machinery for processing stone, wood, glass, plastic and metal has announced it is acquiring the entire share capital of GMM Finance S.r.l., (the holding company of the GMM Group) for approximately €72 million (equity value).

Due to complete in February, the deal will see Biesse taking on GMM S.p.A., Bavelloni S.p.A. and Techni Waterjet Ltd – and in addition, its Italian and foreign subsidiaries. In total, the GMM Group has 450 employees across the world and is present in 90 countries. It is being sold by Consilium Private Equity Fund III (managed by Consilium SGR p.a.) with a 75% holding, and FGL Holding s.r.l. (owned by the founding shareholders) with a 25% holding. 

GMM was founded in Gravellona Toce, Piedmont in 1993 and started out designing and assembling bridge cutters for the stone industry. In 2018, it acquired the Australian company Techni Waterjet and, in 2022, took over Italian company Bavelloni.

Financial reports from 2022 reported that the GMM Group had a turnover of €124 million, EBITDA of €12.5 million and net financial debt of €4.4 million. 

The Queen Elizabeth Scholarship Trust (QEST) is now welcoming applications from talented craftspeople – including stonemasons – who are looking to further their careers.

Applications close on 12 February at 5pm and Individual makers can apply for up to £18,000 in funding for Scholarships, up to £10,000 for Emerging Maker Grants and up to £12,000 for Apprenticeship training.

If you wish to apply but require further guidance, QEST will be running advice sessions via Zoom. These include:

How to Apply for an Emerging Maker Grant
15 January, 1pm-2pm
Registration link: https://us02web.zoom.us/meeting/register/tZEucu2ppz0uH9UrRplXAc6vxyTvgAtFrfak#/registration
 
How to Apply for a Scholarship
19 January, 1pm-2pm
Registration link: https://us02web.zoom.us/meeting/register/tZwpcu2opj0tGddzzEdLacHUDjzCxNWMQ6B0#/registration
 
How to Apply for an Apprenticeship
24 January, 1pm-2pm
Registration link: https://us02web.zoom.us/meeting/register/tZwpf-usqjstGNy8vbjwePG_hyiHH4AmLfit#/registration
 
Find out more information visit: https://www.qest.org.uk/

The Lighthouse Construction Industry Charity will be visiting construction sites across the UK and Ireland in 2024 as part of its #MakeItVisible tour aiming to deliver wellbeing support – and companies in the industry can request a free visit via its website.

All members of the Make it Visible team are ‘on the tools’ and share their own experiences in an informal way while informing workers of the support available to them and their families. The ‘Toolbox Talk’ allows everyone on site to share their first-hand life experiences and focus on the importance of positive mental health and wellbeing. There is also a dedicated, private space for confidential conversations.

Participants will receive a Make it Visible goody bag containing information on the Lighthouse Construction Industry Charity's services and some free gifts – there will also be an opportunity to enter a draw to win a prize valued at £400.

The first tour begins in Scotland on 5 February and finishes in the North East on 19 July with many more regions covered in between.

To request a visit, see the Lighthouse Charity's website.