| In the press release dated 30th December 2025, Metriks AI SpA, an AI Data Company focused on the development of innovative B2B data-driven solutions enhanced by Artificial Intelligence, based on a Service as a Software paradigm and a Human AI philosophy, announced that it had completed the acquisition of the remaining 40.0% stake in its subsidiary FCONN Srl, thereby reaching 100.0% of the share capital. The transaction was structured under terms different from those originally envisaged in the share purchase agreement, which provided for an optional mechanism for the gradual acquisition of the equity interests. Consistent with the extraordinary transactions already undertaken by the Group during 2025, the decision to anticipate the acquisition of full control allows the Company to simplify its governance structure and accelerate the process of industrial and technological integration within the Group’s perimeter. The acquisition of the residual 40.0% stake in FCONN entails a total consideration of € 0.15 million, of which € 0.10 million to be settled in cash and € 0.05 million through the allocation of no. 12,820 Metriks AI ordinary shares, valued on the basis of the official closing price of the shares recorded on Borsa Italiana on 29th December 2025. The shares held by the selling party are subject to a lock-up period valid until 31st December 2030. From a strategic perspective, the transaction forms part of the Group’s external growth strategy, based on bolt-on acquisitions aimed at progressively strengthening the offering of the proprietary Metriks Suite platform. The completion of the acquisition of 100.0% of FCONN represents a further step in the consolidation of the Smart Factory business unit and is expected to support a faster extraction of operating synergies in the Industrial Internet of Things (IIoT) segment, strengthening the Group’s positioning as a reference technology partner for SMEs through an end-to-end, one-stop-shop offering focused on scalability and value creation. In light of the above, we confirm our recommendation: target price € 6.20, rating BUY, risk Medium. |
