(Finance) – Solid World Groupa company listed on Euronext Growth Milan and active in the sector of digital technologies, 3D printing and additive manufacturing, has signed a binding agreement for the full acquisition of Due Pi Grecoa Resana (TV) company specialized in product design, engineering, additive manufacturing and 3D printing of high-performance industrial components.
“Thanks to this operation SolidWorld not only confirms but strengthens its leading position in the Italian additive manufacturing market – commented Roberto Rizzo, President and CEO of Solid World Group – By joining forces with Due Pi Greco, a company that has been offering integrated design, modeling, prototyping and 3D printing services since 2010, Solid World is enriched with skills and technologies that are both complementary and perfectly integrated with those already in use. Through this new agreement, the Group also completes a valuable organizational and structural strengthening.”
The price for the transfer of ownership of the selling shareholders’ shares, established in 700,000 euros, will be paid partly in cash and partly through the assignment of Solid World Group shares resulting from a reserved capital increase or, alternatively, through the transfer of treasury shares already held in the company’s portfolio. The transaction is expected to be finalized by 2024.
Due Pi Greco reported in fiscal 2023 a total revenues of pre-closing amounting to 1,038,358 euros and a useful pre-closing of approximately 20 thousand euros.