Private equity firm the Carlyle Group (Nasdaq: CG) is buying Marelli Motori for about $284 million.

Marielli, headquartered in Arzignano, Italy, manufactures industrial generators and electric motors for the power generation, marine, oil and gas and industrial manufacturing markets. The company’s revenue grew 12.5 percent in 2012, to almost $200 million.

Melrose Industries PLC (LSE: MRO) sold the company. The deal is expected to close in August.

Washington, D.C.-basedCarlyle made the investment through Carlyle Europe Partners III LP, a $7 billion fund that makes mid and large cap investments.

Unicredit and Intesa acted as Carlyle’s financial advisers. The financing for the deal was arranged and underwritten by MLAs Unicredit and Societe Generale. Melrose and Marelli were advised by Nomura International plc.

Manufacturing industry