we receive e we publish the following Press release spread by Eurotech.
Eurotech SpA. (Euronext STAR Milan: ETH), a multinational company active in the development of Edge AI solutions and edge computing systems, announces that it has signed Wednesday, September 30th a binding agreement for the acquisition of the business unit of VEM Solutions SpA Specializing in the engineering, industrialization, and production of electronic boards and systems, VEM Solutions is a company based in Venaria Reale (Turin) specializing in the development and sale of devices for connected mobility and the Internet of Things (IoT).
The acquisition, in line with the objectives of the Eurotech neXt industrial plan Presented on January 27, the acquisition will strengthen the Group's industrial platform and its presence at key stages of the value chain, enabling Eurotech to more directly manage production processes and critical technologies and accelerate the industrialization of new solutions. At the same time, the Group intends to ensure continuity for its customers and invest in the development of the acquired businesses, which will benefit from Eurotech's technological expertise, resources, and international presence to grow with existing and new customers.
The integration of technologies advanced, with , cybersecurity e skills engineering e industrial It will also strengthen the Group's ability to offer integrated Made in Europe solutions for mission-critical applications and consolidate its position in strategic sectors.
Following the completion of the transaction, Eurotech expects a progressive improvement in industrial efficiency through the coordination of industrialization and production processes and the activation of operational synergies, the benefits of which will gradually accrue over the life cycles of the programs and orders in its portfolio.
«With this agreement we are taking a concrete step in strengthening Eurotech's industrial platform», declared Massimo Milan, CEO of Eurotech. "The transaction will strengthen our industrial capabilities across the entire lifecycle of our solutions and, at the same time, provide continuity and new development opportunities for the acquired businesses. We intend to continue investing in our people, skills, and technologies, strengthening relationships with current customers and leveraging Eurotech's international presence to create new growth opportunities. The integration will allow us to operate with greater speed, control, and effectiveness."
Domenico Petrone, a majority shareholder of VEM Solutions, continued: "After more than fifty years of history, this agreement is not a point of arrival, but the beginning of a new journey. Eurotech Manufacturing Services is born from the combination of our experience in design, industrialization, and production with Eurotech's technological expertise and international presence. Together, we want to dream, design, industrialize, and produce new intelligent technological solutions. I have always believed that everything begins with dreams: today, one of those dreams takes a new direction."
The refinement (closing) of the operation is foreseen in the month of October 2026, subject to the fulfillment of the conditions precedent provided for in the agreement and customary for operations of this type.
Branch perimeter. The branch subject to acquisition includes the Venaria Reale plant (TO), i related systems e systems productive, the stock of materials e components, a staff of about twenty people, know-how, intellectual property and contractual relationships with customers and suppliers included in the scope of the business unit. The acquired skills are complementary to those already present within the Group and will contribute to strengthening its industrial capacity, process quality, operational flexibility, and supply chain resilience. As of December 31, 2025, the business unit reported revenues of approximately €4 million. The acquisition of the business unit does not impact the forecasts disclosed by Eurotech in its press release of January 27, 2020.
Transaction structure. The transaction will take place through the purchase by Eurotech SpA of the entire share capital of the NewCo.Eurotech Manufacturing Services Srl”, into which the business unit will be previously contributed by VEM Solutions. The agreement relating to the purchase of the business unit includes representations and warranties customary for transactions of this type, as well as non-solicitation and non-competition commitments by VEM Solutions and its reference shareholder Domenico Petrone, who from the closing will be a member of the NewCo's Board of Directors without operational powers.
Il corresponding total is approximately included between approximately Euro 1,2 million and approximately Euro 1,6 million, divided into a component to be paid at closing, subject to customary adjustments based on the NewCo's net financial position and net working capital at the closing date, and a component relating to the transferred inventory, the value of which will be agreed upon between the parties after closing, to be paid in up to 24 monthly installments. A potential earn-out in favor of VEM Solutions is also envisaged, calculated based on the NewCo's average EBITDA for the financial years 2027 to 2029. All amounts will be paid in cash, with equity and/or available credit lines.
After the closing, Eurotech will start the integration of the branch, ensuring full operational and production continuity.
Eurotech
Eurotech is a multinational company that designs and develops edge computing platforms and systems integrating hardware, software, AI, cybersecurity, and services. Eurotech solutions enable intelligent data processing close to operational infrastructure, supporting industrial, transportation, energy, and other high-reliability applications. Eurotech collaborates with leading international technology partners, developing a global ecosystem for the implementation of integrated Edge AI and Internet of Things (IoT) projects and solutions.
