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Mare Engineering Group SpA ( (IT:MARE) ) has issued an announcement.
Mare Group S.p.A. has become the largest shareholder of Eles following a partial takeover bid, positioning itself to significantly influence the semiconductor testing sector, a strategic infrastructure for Italy and Europe. The company aims to create a national hub generating around 100 million euros in revenue by integrating its operations with Eles, focusing on semiconductors, defense and aerospace, and digital and AI sectors. Mare Group has proposed to strengthen Eles’ Board of Directors with its own nominees to guide future growth and enhance competitiveness, emphasizing collaboration and integration rather than division.
More about Mare Engineering Group SpA
Founded in 2001, Mare Group is an engineering company listed on Euronext Growth Milan, known for its proprietary technology platforms. With over 2,000 clients, a team of more than 500 professionals, and 25 operational offices across five countries, the company is a key player in the innovation ecosystem. Mare Group has made significant investments in R&D and completed 16 acquisitions since 2019, showcasing its ability to integrate resources and enhance its market presence.
Average Trading Volume: 39,558
Technical Sentiment Signal: Buy
Current Market Cap: €63.82M
For a thorough assessment of MARE stock, go to TipRanks’ Stock Analysis page.