What will Almawave (Almaviva) do with Sister (Sistemi Territoriali)
Almawave takes over the spin-off company of Cnr, Sistemi Territoriali (Sister), specialized in Data Analytics, Spatial Intelligence and DSS. All the details on the company bought
The Italian operator in the field of artificial intelligence, Almawave, takes over 100% of Sistemi Territoriali, one of the most active companies in Italy in the field of Open Data and Big Data.
Almawave, listed on the Euronext Growth Milan market since March 2021 and part of the Almaviva group , acquires 100% of the share capital of Sistemi Territoriali (Sister).
Sistemi Territoriali was born as a spin-off of the National Research Council (Cnr) with the aim of providing consultancy and professional services to public bodies and private companies.
"The operation – reports a note – finds its roots in the long-lasting relationship of collaboration that binds SisTer to Almawave, but above all it lays the foundations for a synergistic strengthening of both companies which, by integrating their respective skills, will be able to establish themselves in business areas strategic, including those connected to several PNRR missions ".
Furthermore, the Almaviva subsidiary aims to strengthen its positioning in the rapidly evolving sector of Multi-utilities. Almawave, specialized in natural language analysis and Big Data services, has over 100 customers (public and private) and more than 30 thousand users of its platforms.
All the details on the accounts and business of Sistemi Territoriali Srl.
THE OPERATION
The purchase is made entirely in cash with an enterprise value of 2.1 million plus the estimated positive net financial position of approximately 1.7 million.
THE CONSULTANTS
Almawave was assisted for the legal aspects of the transaction by the law firm Gianni & Origoni. SisTer was assisted by Studio Dreucci accountants and auditors.
WHAT TERRITORIAL SYSTEMS (SISTER) DOES
The Sister company based in Cascina (Pisa) is active in the development of solutions and projects in the Data Science field, focused on Open Data Analytics, Spatial Intelligence and Decision Support System platforms, for the Multi-utilities and Government sectors.
Over the years it has expanded its skills to Big Data and Open Data.
As stated on the website , SisTer immediately had a high specialization in System Integration, Geographic Information Systems (GIS) and Business Intelligence (BI); for both of these areas it was among the first Italian companies to be Business Partner of ESRI and Silver Partner of SAS Institute, market leaders respectively for GIS and BI solutions.
THE PARTNERS
With a share capital of 42 thousand euros, the company is controlled by Carlo Magnarapa (sole director of SisTer) (28%); Paolo Basile (24.5%), Ernesto Lastres (24.5%); Alessandro Greco (15%); René Antonio Campedesenur (5%) and Cinzia Bianchi (2%).
CUSTOMERS
Furthermore, SisTer boasts clients both in the public sector (central PA, Regions, Regional Agencies, Provinces, Municipalities, Universities) and in the private sector (Finance, Utilities, GDO). The company also has a consolidated and synergistic link with the academic world. For several years it has been a member of the Technological Pole of Western Tuscany located in Navacchio (PI) and more recently also of the Environment and Natural Risks Innovation Pole of the Calabria Region.
ALL THE NUMBERS OF TERRITORIAL SYSTEMS
The company closed the 2020 financial statements (the last to be filed) positively. Profit amounted to € 77,398 (down from € 195,238 in 2019). Sister recorded revenues of € 2.4 million in 2020, a slight decrease compared to € 2.6 million in 2019. In the year 2020, however, costs also decreased by € 2.3 million compared to 2.4 million euros in 2019. Total debt amounts to 1.2 million euros.
ESTIMATES FOR THE 2021 CLOSURE
Finally, SisTer estimates the closing of the fiscal year 2021 with net revenues equal to 2.4 million euros, with an expected growth of 23% compared to the previous year, total revenues (including other income) for 2.9 million euros. euro (+ 21% YoY) and an Ebitda of approximately 600 thousand euro, substantially up on the previous year. The estimated Net Financial Position is positive (cash) for approximately 1.7 million euros. The multi-year backlog is in line with 2021 revenues.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/cosa-fara-almawave-almaviva-con-sister-sistemi-territoriali/ on Wed, 23 Feb 2022 14:43:42 +0000.