TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, and Softeco Sismat Srl, the Group’s digital company, organized today in Genoa the workshop “Bits and Energy: the opportunities of Digital Energy for sustainable growth”, hosted in the Auditorium room of the Aquarium of the Ligurian capital. During the event, the chairman of TerniEnergia and Softeco, Stefano Neri, presented some qualitative aspects of the Recovery and Relaunch Plan approved by the Board of Directors of TerniEnergia on 25 October 2018. In particular, the Chairman Mr Neri focused on the opportunities for industrial turnaround in the energy sector, which will culminate with the merger by incorporation of Softeco Sismat Srl in TerniEnergia, at the end of 2019, after the accomplishment of disposals, to facilitate the entry into the hi-tech and digital energy sector. The Chairman of TerniEnergia and Softeco, Stefano Neri, stated:
The planned merger between TerniEnergia and Softeco completes the transformation into “one smart company” and introduces on the market the first technological enabler for the energy transition and digital transformation. The rationale of the transactions are: corporate, allowing TerniEnergia, at the end of the process of disposal of asset and plants, to be active on the market as an operating company and not as a financial holding company; business, allowing the full exploitation of the expertise of Softeco in the development of increasingly advanced digital technologies for the entire energy chain, from production to sales, up to final consumption; and finally economic-financial, thanks to the opportunity to optimize decisionmaking processes and to improve the management efficiency (corporate, accounting and administrative), with a consequent rationalization of costs.
The Chairman, Mr. Neri, also defined the strategic criteria underlying the planned merger, highlighting how the same, as part of the Rehabilitation and Relaunch Plan, will give the Group the role of attractive convergence platform for unlisted incumbents in the digital energy sector, for small and medium-sized innovative companies in the IT and energy segments and for research and development centers. In addition, in the TerniEnergia programmes, the extraordinary transaction will give the impetus to the processes of internationalisation and opening up to the capital market. “Completing the process of exit from the “Renewable Utilities” sector – concluded Stefano Neri – TerniEnergia, fully integrated with Softeco, will no longer be a company characterized by capital intensive activities and a high level of indebtedness. With the merger, we will introduce the new One Company into the highperformance digital sector, across the sectors of IT Services and Software. This target, in our programs, will result in an increase in the multiples used to analyze the strategic value of the company and in an increase in the interest of investors specialized in the digital sector”. The conference was attended by the Mayor of Genoa, Marco Bucci, the President of the Liguria Region, Giovanni Toti, the President of Confindustria Genova, Giovanni Mondini, Marcello Capra, Delegate SET Plan of the Ministry of Economic Development, Marco Carta, Chief Business Development Officer and Director of Utilities and Renewables R&A of Bocconi University, Laura Bizzarri, CEO of Softeco, and Paolo Verna, Founding Partner of EnVent Capital Markets Ltd.