From the integration of Exprivia and Italtel, one of the important Italian industrial realities in digital technologies was born, which ranks among the top five companies in the sector, aiming for a turnover of more than 600 million euros and with over 3000 people employed. The terms of the integration between Exprivia, a company listed in the Star segment of Borsa Italiana, and Italtel were illustrated during the Star Conference by the chairman and managing director of Exprivia Domenico Favuzzi and the managing director of Italtel Stefano Pileri, who provided the details of the operation which is a prelude to the integration of the businesses of the two companies, which in a joint pro-forma financial statement recorded a turnover of 2017 million euros in 591,4.
Favuzzi illustrated the details of the transaction finalized last December 2017, with which Exprivia assumed control of Italtel through the purchase of an 81% stake in the capital of the historical leader company in the telecommunications market. The acquisition concludes the Italtel recapitalization process for 113,8 million euro, structured through the conversion of bank credits into equity financial instruments and in a capital increase subscribed by Exprivia and Cisco System International BV.
“The Exprivia-Italtel group – stated Domenico Favuzzi – aims to become one of the most important Italian industrial realities in digital technologies, combining Exprivia's expertise in software applications and experience in various markets such as healthcare, finance , aerospace, and Italtel's focus on network infrastructures, data centers and TLC markets”. Exprivia closed 2017 with a consolidated turnover of 161,2 million euros, with an increase of 14% compared to the previous year, and with a growth in profit margins of 27%.
“The integration of the two important players – stated Stefano Pileri – as well as indicating clear leadership at the national level, will support the group's worldwide expansion, thanks to Exprivia's presence in China, South America and European markets and the consolidated international presence of Italtel, especially in the USA, South America and Europe where the company produces about 40% of its turnover”. Italtel's 2017 financial statements closed with a consolidated turnover of 430,2 million euros, up by more than 6% compared to 2016.
The document presented during the event is available to the public on the Company's website www.exprivia.it and on the authorized storage mechanism eMarket STORAGE www.emarketstorage.com.
