(Alliance News) - Sesa Spa on Tuesday announced that it has signed an industrial partnership agreement, through its subsidiary Var Group Spa, to acquire a majority stake in Amaeco Srl, thus consolidating its digitalization and sustainability expertise to support the

Made in Italy's digital evolution needs.

Amaeco, based in Fiorano Modenese and with a staff of about 15 human resources, operates in the development and design of energy monitoring systems and eco-sustainability performance through proprietary software solutions with a focus on the enterprise market and expected revenues in the year 2023 of about EUR1.5 million, with an Ebitda margin of about 20 percent and important growth prospects.

"The offering of energy-saving solutions and consulting, thanks to the skills of human resources, will allow to support companies and organizations in digital paths of improving overall eco-sustainability, further strengthening Sesa Group's positioning in the Digital Green sector and

supporting Made in Italy companies in energy efficiency and sustainability programs," reads the company note.

Sesa on Monday trades in the red by 0.6 percent at EUR121.00 per share.

By Maurizio Carta, Alliance News reporter

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