Simest Helps Made in Italy Technology Grow

The CDP company finalized two new agreements, demonstrating its support of Italian companies working in the computing and robotics industries.

Rome 16 March 2017

Simest continues its work promoting Made in Italy with a pair of new operations in favor of the Italian technology sector.

The Cassa depositi e prestiti subsidiary, through a capital increase, acquired 13% of Bucci Automation SpA, part of the Bucci Industries Group active in the robotics sector. The €5-million operation aims at supporting Bucci Automation’s 2017-2020 investment plan, which has the objective of international expansion into new strategic markets – Southeast Asia, India, and Iran- and growth in areas where it is already present - Europe and the United States. Simest’s support is therefore fundamental for Bucci Automation’s sales growth from export income.

The second transaction, completed in recent days, concerns Exor International SpA, a Verona company engaged in the commercialization of Made in Italy hardware and software. Simest paid around €500,000 for 44% of Exor Electronic Research and Development, an Exor subsidiary located in the US state of Ohio.

The investment aims to leverage a brand already recognized worldwide for reliable and innovative products, by creating a business structure to serve areas with great potential, such as the western areas in the USA, Canada and Mexico.

Simest and Sace together represent a single internationalization hub  for CDP Group, #wepromotethefuture of Made in Italy, contributing to the spread of Italian know-how in the world.