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Mare Engineering Group SpA ( (IT:MARE) ) has issued an announcement.
Mare Group has confirmed the industrial and long-term nature of its investment in Eles Semiconductor Equipment S.p.A., stating that it will not join a competing tender offer launched by third parties on Eles shares and that delisting Eles from Euronext Growth Milan is not part of its strategic objectives. By reiterating its plan to keep both companies listed and focused on technological development and competitive growth, the group signals continuity in its integration strategy with Eles and a commitment to preserving market visibility for both issuers, which is likely to reassure investors about Mare Group’s expansion path and Eles’s ongoing role as a publicly traded partner in its innovation ecosystem.
More about Mare Engineering Group SpA
Mare Group S.p.A. is an Italian high-tech engineering hub listed on Euronext Growth Milan, operating with an asset-light model based on proprietary platforms across aerospace and defense, industrial sectors, critical infrastructures and the twin green-digital transition. Founded in 2001, it serves over 2,000 clients, collaborates on research with Italian and foreign universities, employs around 500 people, and operates 24 offices in five countries; since 2019 it has completed 16 acquisitions, positioning itself as a major aggregator of innovation in Italy and Europe.
Average Trading Volume: 40,304
Technical Sentiment Signal: Buy
Current Market Cap: €76.45M
For an in-depth examination of MARE stock, go to TipRanks’ Overview page.