(Finance) – Comelela reality for 30 years has been active in the integration of ICT systems in Italy, has perfected today, by signing the definitive notarial act, the acquisition of the majority share of Novanext, corresponding to 60% of the share capital of this Last by the members Giovanni De Giovanni, Ebe Lugli and Barbara Donadio.
Participation, explains a note, was acquired for a total consideration equal to € 1,905,365.86, including a price adjustment of € 45.365, 86, contractually linked to the major charges supported by the sellers in relation to the timing of revaluation of the their odds. The company paid today to the Euro 1,533,365.86 sellers net of the advance of € 372,000.00 already paid to the same in September 2024; The operation was financed by the company through use of proper means. It should be noted in particular that the improvement of the acquisition of the participation follows the exercise, on 6 February 2025, of the right of sales option recognized to Mr. Giovanni De Giovanni pursuant to the investment and sale contract signed between the Companies and sellers on 17 September 2024 (as subsequently modified on January 14, 2025). Comtel also signed a parasocial pact with the Novanext minority members, which includes a right of option for the purchase of the company’s residual share capital, equal to 40% of the same (detained for 20% by Roberto De Giovanni and for 20% by Giovanni De Giovanni), which can be exercised between 1 January 2027 and 31 March 2027, for a consideration to be determined pursuant to a specific formula agreed between the parties.
As already referred to the press, we read in the note, theThe objective of multiplying to six turnover in two yearsnot included in the industrial plan, represents an entrepreneurial and managerial ambition that is based on the experience of management in the M&A sector and on current conditions and market opportunities. For this reason Comel will continue in the analysis of strategic operations aimed at supporting the growth path. Today’s operation brings the value of pro-form production to 80.4 million euros, with a substantial doubling compared to the 2023 value referring to Comel only, equal to 42 million.
Through this operation, the company will be able to seize numerous opportunities, growing on the national market (especially in the northwest area), expanding its business by intercepting new market bands.
The meeting of Novanext members also appointed the new board of directors that is composed of Fabio Maria Lazzerini (President), Mattia Conti and Renato Dedonatis appointed by Comel, as well as by Giovanni De Giovanni and Roberto De Giovanni.
“This operation has been designed to integrate our skills. We have chosen a virtuous reality that we are sure will enter perfectly into our network. I want to thank the whole Team Comtel and our CEO, Fabio Lazzerini, who will be able to enhance this synergy at best “he says Davide Cilli, President of Comeltel.
“Our growth strategy is very clear: it is based on both organic development and extraordinary operations with a strong industrial soul. The acquisition of the majority of Novanext is perfectly part of this strategy: we welcome a consolidated reality that expands the technological skills of the group as well as a society that, like us, bases its success on the centrality of the customer and attention to people. We strongly believe in this operation that will allow us to preside over even more the sector of technologies and connectivityoffering new solutions to our customers ”he comments Fabio Maria Lazzerini, CEO Comel.
“We immediately found a sharing of intentions with Comel. We are two realities that put human capital at the center of their strategy, placing it at the base of our vision. We can provide a considerable contribution to the development of Comel, providing managerial and technical skills, as we count on Comtel’s support to grow even more Novanext “declares Giovanni De Giovanni, CEO Novanext.