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The CDP Group strengthens its investment in the factory engineering company with 5 million- euro investment
CDP Group subsidiary Simest invested 5 million euros in PSC Group, almost doubling its stake to 10.7%, while providing the 60-year-old factory engineering company with financing to diversify and expand internationally.
Rome-based PSC Group operates as an engineering, procurement and construction contractor with 5 business units: electromechanical, fire prevention, naval, railway and telecommunication. With six offices in Italy and two abroad, PSC has an Italian and international customer portfolio, including MSC, Costa Crociere, Royal Caribbean, Ferrovie dello Stato, Sky, Mediaset, Ferrari, Ermenegildo Zegna and many other large companies operating in various production sectors.
PSC also provides services to public works construction such as air conditioning, fire prevention and technological control systems for Rome’s New Congress Centre, commonly known as Fuksas’s La Nuvola.
With Simest’s support, PSC will develop a new four-year plan aimed at diversification and growth on international markets. The company has strategically focused on Iran and Qatar, where it has won important orders in recent years.
CDP’s Sace and Simest, representing a single hub for international expansion, provide Italian businesses with the support needed to bring Made-in-Italy abroad.
Together we promote the future of the Italian economy in accordance with our Business Plan.