Business Combination

On 20 May 2019 the Business Combination of SICIT 2000 S.p.A. with SprintItaly S.p.A – an Italian SPAC founded by Fineurop S.p.A., Gerardo Braggiotti, Matteo Carlotti and Francesco Pintucci – has been concluded. On the same day, the merger by incorporation of the first into the second became effective and, at the same time, negotiations at AIM Italia began for the shares of the new company, SICIT Group S.p.A.. On 15 June 2020 the translisting to MTA – STAR segment succeded.

The 100-million-euro operation is aimed at accelerating the strategic development plan of SICIT Group in Italy and abroad, expanding the existing plants in Arzignano and Chiampo (Vicenza), the R&D laboratories and building a new production plant abroad. The listing on the Italian Stock Exchange allows to increase the visibility on the world markets and to complete the medium-long term industrial plan in high-growth perspectives sectors.