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The Baker McKenzie newsroom post from September 2026 detailed the firm’s role advising Norline on the acquisition of a majority stake in Engitec. The post presented the transaction as a significant step for the Swiss company in the field of sustainable technologies. No additional terms of the deal were disclosed in the post.
A 2024 industry flipbook by Alcircle described Engitec as a world leader in certain segments of non-ferrous metal recycling. The publication noted that Engitec Technologies became focused on plant engineering in 1998 and now provides complete industrial plants for metal recovery on an EPC basis. The company is owned primarily by the Morandi family of Cremona along with three founding partners, according to the flipbook.
Engitec’s group turnover was in the region of 100 million euros in 2022, the Alcircle document stated. The firm operates its research and design activities from Novate Milanese while construction is carried out in two Italian factories specializing in stainless steel fabrication. The company also has interests in renewable energy plant construction through its ownership in the German firm Richard Kablitz GmbH, the publication reported.
Norline provides outsourcing services to building technology installers in Switzerland, with a focus on facilitating the replacement of fossil fuel heating systems with heat pumps, according to a 2023 press release from Argos Wityu. Argos Wityu acquired a majority stake in Norline in February 2023, with Baker McKenzie advising on that transaction as reported by legalcommunity.ch. The founder Hanspeter Acklin remained a minority shareholder and CEO following that earlier deal.
The current acquisition by Norline of the majority stake in Engitec was announced through the Baker McKenzie channel rather than a separate company press release. The law firm has a history of advising on Swiss sustainable energy transactions, the various reports indicated. Further details on how the two businesses will integrate were not included in the available announcement.
Lincoln International supported Argos Wityu on financing for the 2023 Norline acquisition, according to the firm’s transaction summary. That deal targeted expansion in sustainable heating services across Switzerland and potentially into neighboring markets. The 2026 transaction appears to continue Norline’s growth trajectory in related green technology areas.
