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Matica Fintec SpA ( (IT:MFT) ) just unveiled an announcement.
Matica Fintec S.p.A. has received unanimous approval from its shareholders for a reverse take-over to acquire Panini S.p.A. and its subsidiary Panini North America Inc. This acquisition is part of Matica Fintec’s broader strategy to enhance its presence in the banking hardware and software solutions sector. The move is expected to expand the company’s market reach, particularly in the United States, and create technological synergies by integrating Matica’s digital identity verification solutions with Panini’s digital scanners. This strategic acquisition aims to strengthen Matica Fintec’s offerings and relationships with both Tier 1 and smaller banks, potentially leading to significant growth and innovation in security solutions for banking and ID transactions.
More about Matica Fintec SpA
Matica Fintec S.p.A. is an innovative SME based in Italy, specializing in the design, production, and marketing of advanced systems for issuing digital cards. These cards are intended for financial institutions, such as credit and debit cards, as well as governmental entities like identity cards and passports. The company is committed to high security standards and invests significantly in research and development, holding nine patents.
Average Trading Volume: 6,242
Technical Sentiment Signal: Buy
Current Market Cap: €62.25M
For detailed information about MFT stock, go to TipRanks’ Stock Analysis page.