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Mare Engineering Group SpA ( (IT:MARE) ) has provided an announcement.
Mare Group has acquired a 55% stake in Workgroup S.r.l., a developer of digital solutions for integrated business process management serving more than 1,200 mainly SME customers, in a deal structured through a mix of a business-unit contribution and deferred cash payments, with an earn-out tied to 2026-27 performance and call/put options on the remaining 45% stake. The transaction bolsters Mare Group’s High Technology Engineering Hub by integrating Workgroup’s proprietary platforms and SME footprint with Mare’s engineering and software capabilities and with its investment in TradeLab, creating a scalable SaaS-based digital infrastructure targeting industrial SMEs and the retail “last mile” such as checkout management, and positioning the group for accelerated growth and deeper penetration in a key market segment over the medium term.
More about Mare Engineering Group SpA
Mare Group S.p.A. is an Italian high-technology engineering company listed on Euronext Growth Milan, operating in Italy and abroad. It focuses on innovation through enabling technologies, combining engineering, software development and proprietary digital platforms to serve industrial SMEs and the retail sector, and is building an integrated High Technology Engineering Hub that includes data intelligence and AI-driven decision-support capabilities.
Average Trading Volume: 41,253
Technical Sentiment Signal: Buy
Current Market Cap: €75.88M
See more insights into MARE stock on TipRanks’ Stock Analysis page.