(Finance) – The Board of Directors of Solid World Groupa company listed on Euronext Growth Milan and active in the sector of digital technologies, 3D printing and additive manufacturing, has a capital increase of 755,000 euros has been approved with the issue of a total of 188,750 new ordinary shares. The issue price was determined at 4 euros (above the 3.47 euros of today’s closing).
By means of such an operation, the company will complete the total acquisition of the share capital of SolidInnovationa subsidiary company specialized in software development for artificial intelligence in the industrial context and will strengthen its participation in Design Systems, a company focused on 3D technology in the aerospace sector. These steps are part of a corporate simplification process aimed at improving efficiency, obtaining synergies and economies of scale to easily meet the growing needs of the technological market, we read in a note.
Furthermore, the capital increase will allow complete the corporate transaction with Solidfactory (another 51% controlled company), relating to the compensation of the credit claimed by the previous shareholders as a result of the transfer by the same to the Company of an equal share in the share capital of Solidfactory.
“Today the board of directors resolved on another crucial stage in our corporate journey: the capital increase we are about to implement is, in fact, much more than a financial move – commented the president Roberto Rizzo – It represents another step in the strategy aimed at strengthening our leadership in the digital and 3D world by allowing us to have direct control over the entire production process, a fundamental aspect to guarantee the quality and innovation that distinguish us.”