(Tiper Stock Exchange) – Defense Tech Holdinga Benefit company active in the Cyber Security & Technology for Intelligence, Communication & Control System and Electronics business areas mainly supporting the Defense, Space and National Security sectors, has completed the acquisition of 60% of Innovation Design, through the subsidiary Fo.Ra.Mil., specialized in electronic technologies.
The operation presents a double strategic value for the Defense Tech Group: firstly, the complementarity of the target company in the vertical of electronic design will allow the further expansion of laboratory activities and consequently of the Group’s value proposition; secondly, the Group will be able to enhance its know-how with the transfer of specialist skills thanks to the highly senior and highly specialized figures that make up the Innodesi team and their integration with the Defense Tech Group, also allowing to implement greater synergies in terms of personnel and engineering skills.
Furthermore, the acquisition makes it possible to expand the portfolio of current and potential customers and to evaluate new initiatives for the opening of the group to new reference markets such as that of electronic design in the biomedical field.
The price for the purchase of the 60% stake was 436 thousand euros paid in cash. The agreements provide for the subsidiary Foramil the possibility of exercising a purchase option (Call) on the remaining 40% stake held by the Selling Shareholders not before the approval of the financial statements as at 31 December 2023 and in any case before the approval of the financial statements financial year at 31 December 2026 relating to Innodesi.
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