MERMEC and Sirti announce the closing of the sale of 100% of Sirti's Transportation Business Unit assets

Banca Akros acted as joint financial advisor to MERMEC and Sirti

Milan, 15/02/2021 – On 9 February, MERMEC and Sirti announced the closing of the sale of 100% of Sirti’s Transportation Business Unit assets. The transaction took place through the creation of a NewCo, into which Sirti’s transportation activities were merged, with their focus on the development and supply of technological systems for railway infrastructure.

MERMEC S.p.A. is an Italian multinational company which is active in the field of advanced technologies for railway transport. It designs and manufactures trains and measuring systems, as well as railway signalling systems, and is present in seven Italian regions with facilities in 19 countries.

Sirti S.p.A. is an innovation hub in the field of network infrastructure development, operating in the Telecommunications, Energy and Digital Solutions sectors with approximately 3,800 employees. Sirti is also a successful international player in Europe and the Middle East.

Banca Akros acted as joint financial advisor to MERMEC and Sirti in the calculation of certain parameters of the “Bridge to Equity”, necessary to define the price of the transaction.

The transaction reaffirms Banca Akros’ focus on the railway infrastructure sector, thanks also to its role as advisor to Salcef in the business combination with SPAC Industrial Stars of Italy 3 in 2019 and its role as Sponsor in Salcef’s move from AIM to MTA in 2020.

Corporate Finance Mergers & Acquisitions Companies
Banca Akros
Corporate Finance Mergers & Acquisitions Companies

 

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