Mare Group Buys 55% of Workgroup to Build Scalable Digital Platform Hub for SMEs and Retail

Mare Engineering Group SpA ( (IT:MARE) ) has issued an announcement.

Mare Group S.p.A. has acquired a 55% stake in Italian digital solutions provider Workgroup S.r.l., which develops platforms for integrated management of business processes for more than 1,200 mainly SME clients and posted aggregated pro‑forma 2024 production value of €3.8 million and adjusted EBITDA of €1.5 million. The deal, structured through a mix of contribution in kind of a Mare business unit and a partly deferred €2.85 million cash payment plus an earn‑out tied to 2026–2027 EBITDA, cements an industrial combination that integrates Mare’s engineering and software capabilities with Workgroup’s SME and retail footprint, and is aligned with Mare’s strategy to build an Italian high‑tech engineering hub. Together with its expanded stake in data‑intelligence player TradeLab, Mare aims to create a shared, scalable SaaS and automation infrastructure in which TradeLab provides AI‑driven decision support and Workgroup acts as the operational arm for point‑of‑sale and retail process management, potentially enhancing Mare’s market penetration and medium‑term growth prospects, while call/put options give the group flexibility to increase its ownership of Workgroup to 100% over the next five years.

More about Mare Engineering Group SpA

Mare Group S.p.A., listed on Euronext Growth Milan, is a high‑tech engineering company operating in Italy and abroad, focused on innovation through enabling technologies. The group combines engineering, software development and proprietary digital platforms to serve industrial SMEs and the retail sector, positioning itself as an Italian high‑tech engineering hub with a growing presence in data intelligence, AI-based decision support and process automation.

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Technical Sentiment Signal: Buy

Current Market Cap: €75.88M

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