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The latest announcement is out from Mare Engineering Group SpA ( (IT:MARE) ).
Mare Group S.p.A. has received approval from the Presidency of the Council of Ministers to proceed with its merger with Powerflex s.r.l., following the non-exercise of the ‘Golden Power’. This merger is expected to be completed within the year and aims to enhance Mare Group’s execution capacity on complex projects, particularly in the Aerospace & Defense sectors, by integrating vertical skills and generating operational synergies, thereby strengthening its presence in the national market.
More about Mare Engineering Group SpA
Founded in 2001, Mare Group is an Italian High-Tech Engineering Hub that operates in strategic sectors such as Aerospace and Defense, Industry, Critical Infrastructures, and Twin Transition. It is listed on Euronext Growth Milan and employs an asset-light model based on proprietary platforms. With a presence in five countries, the company has over 2,000 clients, 500 employees, and has completed more than 30 research projects with universities. Mare Group has made 16 acquisitions since 2019, establishing itself as a major innovation aggregator in Italy and Europe.
Average Trading Volume: 45,556
Technical Sentiment Signal: Buy
Current Market Cap: €81.26M
For detailed information about MARE stock, go to TipRanks’ Stock Analysis page.