Simest: Funds Foreign Growth for 30 Italian Businesses in January

Simest: Funds Foreign Growth for 30 Italian Businesses in January

The CDP Group company invested 11 million euros with deals in 16 countries

Rome February 6, 2017

Simest, a CDP Group company, opened 2017 by funding the international growth of 30 Italian companies in 16 countries, to a tune of 11 million euros in January.

Through the provision of feasibility studies support, participation in industrial trade fairs and exhibitions, and the capitalization of Italian small and medium sized enterprises (SMEs), Simest in the first month of 2017 contributed to the growth in foreign markets of Italian companies, including Vetrya and Bartolini1938.

The Vetrya Spa Group was founded in Orvieto, and operates in the development of solutions and services on communication channels and digital media. Due to the 1.16 million euros of financing by Simest, Vetrya will open a representative office in Menara Tower in Kuala Lumpur, Malaysia, the country with the highest rate of growth and demand / supply ratio in the business sector . The office will be the headquarters of Vetrya Asia Pacific, the group's main hub to reach the other countries of Southeast Asia. Among the Vetra Asia Pacific’s clients are telecommunications companies, media companies and enterprises operating in the world of digital advertising and content distribution.

 Bartolini1938 Srl, Prato-based leader in the production of fabrics for medium and high quality clothing for men and women, exports about 50% of production to foreign markets. Interested in the Far East marketplace, so far approached only through some importers, the company will a open promotional office in Seoul as a result of a 500 thousand euro Simest loan. The goal of the financing is to increase sales in South Korea, China and Japan.

CDP Group,  through its Sace and Simest subsidiaries, represents a single hub for international expansion, promoting the future of Italian businesses, and encouraging the diffusion of Made in Italy abroad.