The transaction took place through the creation of a NewCo that incorporated Sirti’s Transportation activities, focused on the development and supply of technological systems for railway infrastructure.<\/p>\n
With the closing of the transaction, 100% of the NewCo is now property of MERMEC, an international company of the Angel Group, operating in 65 countries with more than 1,600 employees and a long tradition of technological innovation, as well as an important portfolio of products and services.<\/p>\n
The Newco is now called MERMEC STE, whose acronym is related to the activities of Signalling, Telecommunication, and Energy. MERMERC is now oriented to its listing, starting from a backlog of about EUR 1.2 billion.<\/p>\n
This is also an agreement that allows Sirti – 4,000 employees and EUR 700 million revenues in 2020 \u2013 to strengthen its financial and strategic positioning; in this context, the company also plans to further develop its Digital Solutions Business Unit both organically and through acquisitions.<\/p>\n
The operation has a total financial commitment for MERMEC of EUR 160 million, with a deposit of EUR 92 million, Intesa Sanpaolo being its bank of reference. The law firms representing the parties in the transaction are Guzzetti for MERMEC and Cleary Gottlieb for Sirti.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][image_with_animation image_url=”6965″ animation=”Fade In” hover_animation=”none” alignment=”center” border_radius=”10px” box_shadow=”large_depth” image_loading=”default” max_width=”100%” max_width_mobile=”default”][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default”…<\/p>\n","protected":false},"author":2,"featured_media":7033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6964","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/posts\/6964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/comments?post=6964"}],"version-history":[{"count":10,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/posts\/6964\/revisions"}],"predecessor-version":[{"id":7346,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/posts\/6964\/revisions\/7346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/media\/7033"}],"wp:attachment":[{"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/media?parent=6964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/categories?post=6964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.angelcompany.com\/wp-json\/wp\/v2\/tags?post=6964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}