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The CDP company finalized two new agreements, demonstrating its support of Italian companies working in the computing and robotics industries.
Simest continues its work promoting Made in Italy with a pair of new operations in favor of the Italian technology sector.
The Cassa depositi e prestiti subsidiary, through a capital increase, acquired 13% of Bucci Automation SpA, part of the Bucci Industries Group active in the robotics sector. The €5-million operation aims at supporting Bucci Automation’s 2017-2020 investment plan, which has the objective of international expansion into new strategic markets – Southeast Asia, India, and Iran- and growth in areas where it is already present - Europe and the United States. Simest’s support is therefore fundamental for Bucci Automation’s sales growth from export income.
The second transaction, completed in recent days, concerns Exor International SpA, a Verona company engaged in the commercialization of Made in Italy hardware and software. Simest paid around €500,000 for 44% of Exor Electronic Research and Development, an Exor subsidiary located in the US state of Ohio.
The investment aims to leverage a brand already recognized worldwide for reliable and innovative products, by creating a business structure to serve areas with great potential, such as the western areas in the USA, Canada and Mexico.
Simest and Sace together represent a single internationalization hub for CDP Group, #wepromotethefuture of Made in Italy, contributing to the spread of Italian know-how in the world.