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Mare Engineering Group SpA ( (IT:MARE) ) has issued an update.
Mare Engineering Group SpA announced that its shareholders’ meeting has authorized the board to proceed with a voluntary public purchase offer for Eles Semiconductor Equipment S.p.A., aiming to acquire up to 100% of its share capital. This strategic move, unanimously approved by shareholders representing 77.09% of the capital, signifies Mare Group’s commitment to expanding its market presence and consolidating its position as a leading innovator in the engineering sector.
More about Mare Engineering Group SpA
Founded in 2001, Mare Group is an Italian high technology engineering hub operating in strategic sectors such as aerospace and defense, industry, critical infrastructures, and twin transition. Listed on Euronext Growth Milan, the company employs an asset-light model based on proprietary platforms and has established itself as a key player in innovation in Italy and Europe, with over 2,000 clients, 30 research projects, and 16 acquisitions since 2019.
Average Trading Volume: 45,598
Technical Sentiment Signal: Buy
Current Market Cap: €77.61M
See more insights into MARE stock on TipRanks’ Stock Analysis page.