Leonardo, Fincantieri, Avio and more. Who are the customers of Defense Tech who are quoting
Defense Tech will be listed on the new AIM, Euronext Growth Milan, of the Milan Stock Exchange. Accounts, equity investments and shareholders of the company chaired by Aurelio Regina (who will make cash with the listing)
Ready for the Ipo of Defense Tech Holding, at the head of the companies Donexit, FoRaMil and Next active in the Cyber Security and Data Intelligence sectors.
The group chaired by Aurelio Regina presented the Pre-Admission Notice to Borsa Italiana for the admission to trading of its shares on the AIM Italia.
The expected start date for trading is October 29, 2021.
"Starting from 2017 we have set ourselves an ambitious goal, namely to develop an Italian technological pole of excellence, creating a holding company and then proceeding with a consolidation project through acquisitions and aggregations of companies that offer services and products in the defense and 'aerospace, as well as in the cyber security market ”explained Aurelio Regina in an interview with Corriere della Sera .
In fact, we recall that Defense Tech Holding acquired the two companies in the defense and cyber security sector, Foramil Srl and Donexit Srl. In 2018, after having fulfilled the conditions set by the Conte government with the exercise of special golden power powers, Defense Tech has also acquired Next Srl (escaped the previous year from a French acquisition blocked by the Gentiloni government).
All the details on the listing of Defense Tech Holding and more.
THE PLACEMENT
"To support us in the path towards the placement is Equita", Regina told the Corriere , specifying that the goal is to place 30% of the company, which currently sees the same Regina shareholder at about 60%, while the CEO Emilio Gisondi holds a further 30% of the capital.
The price range of the shares was set between a minimum of € 3.80 and a maximum of € 5.50 per share.
WHAT DEFENSE TECH HOLDING DOES
Defense Tech Holding, created in 2010 and based in Rome , operates in the Cyber Security and Data Intelligence sectors.
The group includes three operating companies: Next Srl, an engineering company specializing in the development and integration of complex systems; Donexit Srl, whose areas of expertise are Defense, Training & Simulation, System Integration and Cyber Security and Fo.Ra.Mil. Srl, a company specialized in the logistics of security infrastructures in the military, naval and civil sectors in Italy and abroad.
The company develops proprietary products and provides high added value services for the Defense system and Civil Infrastructures, serving both corporate and government customers.
“The Regina and Gisondi project also passes through the collaboration with the new Cyber Security Agency, which in its sphere of action includes the most important Italian strategic companies. The expansion of the offer of services and products to corporate customers should ensure that defense Tech Holding accelerates the growth path already begun in the first half: after archiving last year's financial statements at 17.2 million, in the first half in 2021 the turnover amounted to around 10 million ”explains Corriere della Sera .
THE EXERCISE OF GOLDEN POWER AGAINST THE FRENCH ALTRAN
In this regard, before being incorporated into the Regina Holding in 2017, Next Srl was on the verge of an arrangement with creditors. As the Corriere reported , “it has 216 employees in Rome, including engineers and computer scientists. He had an expression of interest from the multinational consultancy Altran [now Capgemini Engineering] which would take over the entire capital following the establishment of a newco, safeguarding the jobs. But the government opposed the operation, exercising the special powers deriving from the golden power ”.
“Next – Corriere recalled at the time – is historically linked to a supply relationship with Selex, the Leonardo group. A report that interests ENAV, because the airport traffic management software also makes use of the consultancy of Next's engineers. As well as Mbda, the main European consortium of missiles and defense technologies, participated by Leonardo, the French of Airbus and the British of BAE Systems ".
CONDITIONS AND REQUIREMENTS IN THE ACQUISITION BY DEFENSE TECH HOLDING
On 7 June 2018, the Council of Ministers of the Conte government resolved to exercise special powers (Golden Power) to protect the essential interests of defense and national security, with the imposition of conditions and prescriptions, in relation to the operation. acquisition of the shares making up the entire share capital of Next Ingegneria dei Sistemi spa by the company Defense Tech Holding srl, as well as for the subsidiaries Donexit and Fo.Ra.Mil ..
“In the meantime, Defense Tech Holding has developed proprietary technologies, with the aim of providing solutions in the field of secure communications, cyber security and data intelligence. Recently, the engineers, who represent over 60% of the approximately 250 employees, and the company's technicians have developed a technology that guarantees anonymous communications, protecting privacy and security within a completely autonomous network ”, the Corriere recalled.
THE PARTNERS
To date, the share capital of Defense Tech Holding consists of 18,400,000 ordinary shares. 62.1% belongs to Comunimpresa Srl (11,424,050 shares), wholly owned by Aurelio Regina (Chairman of the board of directors); 30.4 is in the hands of Starlife Srl (5,599,920 shares), 67% controlled by Emilio Gisondi (ad) and 33% to Pietro Forgione (Commercial and Marketing Director and Cyber & Technologies Area Director). Finally, the remaining 7.5% is owned by Ge.Da. Europe Srl (1,376,030 shares), wholly owned by Annarita Balducci.
WHO IS AURELIO REGINA
In addition to chairing Defense Tech Holding, Aurelio Regina is Vice-President and shareholder of Manifatture Sigaro Toscano and Partner of Egon Zehnder International; he is Chairman of Sisal Spa and of Sisal Group Spa.
We read on the Confindustria website (of which he is Energy delegate) on Regin: "Graduated with honors in Political Science from LUISS in Rome, he was Head of Communications and Relations with Public Institutions of Procter & Gamble Italy, CEO of Philip Morris Corporate Services Inc. and Philip Morris srl. Former President of Unindustria and President of Confindustria Lazio, he held the position of Managing Director of British American Tobacco Italia, President and Vice President of Credit Suisse Italy SpA and President of the Musica per Roma Foundation. From 2012 to 2014 he was Vice President of Confindustria with responsibility for Economic Development. He is currently Vice President of the Center for American Studies, Member of the Board of Aspen Institute Italia, and Director of Cerved Information Solutions Spa. In 2019 he was appointed Cavaliere del Lavoro by the President of the Republic Matterella ”.
THE NUMBERS
Defense Tech Holding recorded a turnover of 50,000 euros in 2020 against the factual nullity reported in the previous year. The 2020 budget is in deficit: Defense Tech recorded a loss of 5,251 euros against (down from the loss of 28,543 euros in 2019). The costs of production amounted to 51,612 euros.
The company has a total debt of € 796,040.
The profit and loss account therefore shows that the company is a mere financial holding, it does not have any staff employed by it. The company's business is essentially the management of the equity investments in the two subsidiaries Donexit and Fo.Ra.Mil.
AERONAUTICA MILITARE, ARMY BUT ALSO FINCANTIERI AND LEONARDO AMONG THE CUSTOMERS
76% of the group's revenues derive from “Italian government bodies”: including the Prime Minister and the Ministry of Defense.
The main customers include the three Italian armed forces: Aeronautics, Army and Navy but also the companies Avio, Leonardo, Mbda, Thales Alenia Space and Fincantieri.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/leonardo-fincantieri-avio-e-non-solo-chi-sono-i-clienti-di-defence-tech-che-si-quota/ on Tue, 19 Oct 2021 06:35:28 +0000.