Esi / 22.10.2020
On 22 October 2020, Esi S.p.A. obtained admission to negotiate ordinary shares on AIM Italia, a multilateral negotiations system organized and managed by Borsa Italiana. Negotiations began on 26 October 2020.
Integrae SIM acted as Nomad, Global Coordinator, and Issuer Specialist.
Admission to negotiating took place following the placement, mainly aimed at institutional and professional investors, of a total of 1,428,000 ordinary shares, of which 1,242,000 were newly issued shares and 186,000 shares were placed as part of the fiscal year of the over-allotment option.
The total equivalent of the resources collected amounted is equal to Euro 2,998,800, with a price for each share determined at € 2.10 and orders received for about 38% from Italian professional investors and about 57% from institutional investors, Italian (21%) and foreign (36%).
The enterprise ESI S.p.A. (Energy System Integrator) is an Italian company active in the Renewable Energy market that operates as an EPC (Engineering, Procurement, and Construction) and System Integrator, able to oversee the entire value chain and develop turnkey solutions for complex energy projects of large and small dimensions: from the study of the project to engineering to the executive implementation of the plant, with an eye to its financial sustainability. ESI is active, as EPC, in the segments of photovoltaics, wind, off-grid, mini-grid (supply of electricity in remote areas), and hybrid for the construction, in every environmental context, of photovoltaic systems and power plants (wind farms) of large size and power, which require increasingly sophisticated construction technologies.
Ultima Ricerca Esi / 22.10.2020
BREAKING NEWS| In its press release dated July 30, 2026, Siav SpA Società Benefit, Italy’s leading provider of Enterprise Content Management and Business Process Outsourcing solutions, announced the completion of the acquisition of 100.0% of the share capital of IT Consult S.r.l., an Italian software company specializing in proprietary solutions for document management, digital processes, and cloud services. The transaction was completed following the fulfillment of all contractual conditions precedent. The total consideration amounts to approximately € 3.40 million, structured as 60.0% in cash and 40.0% through a reserved capital increase. The cash consideration will be paid in three equal installments, each representing 20.0% of the purchase price: the first installment was paid at closing, while the remaining two will be settled by December 31, 2026, and March 31, 2027, respectively. The equity component was settled on the date of the announcement through the full subscription of the reserved capital increase allocated pro rata to the selling shareholders. The capital increase, approved by the Board of Directors on July 23, 2026, under the partial exercise of the authority granted by the Extraordinary Shareholders’ Meeting, involved the issuance of 480,984 new ordinary shares, with no nominal value, at a subscription price of € 2.81 per share, for a total value of approximately € 1.35 million. In addition, the agreement includes an earn-out mechanism of up to € 1.00 million, linked to the adjusted EBITDA achieved by IT Consult during the 2026 and 2027 financial years. Following the closing, the new Board of Directors of IT Consult consists of Nicola Voltan as Chairman, Giovanni Marrè as Chief Executive Officer, and Daniele Boggian as Director. From a strategic perspective, the acquisition is fully aligned with Siav’s external growth strategy and forms part of a broader organizational and managerial transformation. The integration of technological capabilities complementary to those already within the Group and the expansion of its product offering are expected to support future growth opportunities. Furthermore, the acquisition is intended to strengthen Siav’s positioning in strategically important markets, create new commercial opportunities, and enhance the quality and predictability of revenues, while ensuring business continuity and preserving the valuable know-how developed by IT Consult over the years. In light of the information disclosed in the press release, we confirm our recommendation: target price € 5.70, rating BUY, risk Medium. |
