(Tiper Stock Exchange) – Valtecne has started the process for listing on Euronext Growth Milan (EGM), the Borsa Italiana market dedicated to SMEs with high growth potential. Founded in 1983 and based in Berbenno di Valtellina (Sondrio), the company is active in the high precision mechanics sector. More specifically, it specializes in the production of high-precision mechanical components on behalf of third parties, operating, depending on the reference sector (medical or industrial) as a first, second or third level supplier of the Original Equipment Manufacturers (OEM).
The company is active in two business lines: medical devices (or Medical line), includes processes intended for the medtech market, and in particular instruments for orthopedic surgery and implantable components; industrial (or Industrial line), dedicated to the production of high precision mechanical components for various industrial segments, in particular power transmission, automotive and energy. At 30 June 2022 Valtecne achieved 51.5% of revenuesabroad (mainly Switzerland) and 48.5% in Italy.
Before admission the capital is checked by KPM Srl (attributable to the Mainetti family) for 92.1% (of which 16.8% of full ownership and 75.3% of bare ownership with right of usufruct held by the chairman Vittorio Mainetti) and by the managing director Paolo Mainetti for 7.9%.
The listing process is handled by Bestinver (who plays the role of Euronext Growth Advisor), while the Specialist is MIT SIM. The expected date of admission is 27 February 2023, with the start of trading in the following days.
(Photo: © Luca Ponti | 123RF)