Trumpf to buy 80% of Cutlite Penta from El.En in €21 million deal

German high-tech and laser supplier Trumpf is acquiring 80 per cent of the business of Italian company Cutlite Penta from its parent company, Italian laser maker El.En. Cutlite develops and manufactures laser cutting machines with about 190 employees in Prato, Italy.  

EI.En, which describes itself as “a leading company in the laser market”, and which is listed on Euronext STAR Milan, announced on 7 August that its subsidiary Ot-Las had entered into a binding agreement with Trumpf, concerning the sale of an 80% shareholdlng in the share capital of a new company, wholly owned by Cutlite Penta.

Cutlite has 34 years of experience in high-performance laser cutting systems and specializes in custom-built large-format cutting machines. With high power lasers (30-60kW), Cutlite offers a wide range of solutions specified for the replacement of today’s very energy consuming and slow plasma cutting machines.

EIEn stated that retaining a 20% shareholding “will allow the Group to continue supporting the company’s growth path and, at the same time, to accompany its development within the framework of a long-term industrial partnership.”

Trumpf’s statement said that “Cutlite will remain an independent brand with its own manufacturing, sales and service facilities and continue to develop and manufacture custom large-format cutting systems. By this partnership, Trumpf is acquiring an established brand with in-house manufacturing capabilities for custom-built machines. Trumpf plans to enhance Cutlite’s capabilities, expanding the Group’s ability to serve the full spectrum of sheet metal fabrication.”

Terms of transaction

The agreement provides that Trumpf will initially purchase an 80% shareholding in the share capital of Cutlite, while the EI.En. Group will retain a residual 20% shareholding for a number of years. The maximum aggregate consideration (price) expected for the sale of 80% of the share capital of Cutlite is approximately €21 million, to be paid in cash: approximately €13 million to be paid at closing; the remainder to be determined on the basis of the financial statements in December 2029.

Tom Schneider, CTO at Trumpf Machine Tools, commented, “We are committed to a partnership with a manufacturing partner that operates successfully in a specialized market. This [acquisition] enables us to expand our market presence, leverage combined strengths, and drive industry-leading innovation in fiber laser cutting technology while maintaining the established customer relationships and service quality that define both organizations.”

Andrea Cangioli, Managing Director El.En, said, “We believe this transaction will provide Cutlite Penta with new growth opportunities, enhancing its industrial and technological heritage while preserving its identity. The agreement is based on our conviction that the combination of Cutlite Penta’s longstanding experience and expertise with Trumpf’s global network can support a further phase of growth and innovation” 

The closing is expected in the second half of 2026 and is subject to customary regulatory approvals.