SIMEST, a company of the CDP Group’s export and internationalisation hub, has participated in a capital increase to acquire 13% of Bucci Automations Spa, a company of the Bucci Industries Group of Faenza (province of Ravenna), with a commitment of €5 million.
The Bucci Group has been operating worldwide since 1957 in two high-tech sectors: industrial robotics and components in advanced composite materials.
The SIMEST intervention will support the 2017-2020 investment plan. In addition to entering new market segments, the plan’s goals also include the gaining a position in new markets considered to be strategic, such as South-east Asia and the Middle East (especially India and Iran) and strengthening the company’s position in overseas markets in which it is already present, such as Europe and the United States.
The implementation of the investment plan will enable the Bucci Group to pursue its commercial diversification strategy with particular focus on the Group's international customers, increasing its export share from the current 65% to 80% when fully implemented.
SACE has also intervened a number of times to support the Bucci Group's development plans, providing sureties as part of the supply of machinery and multifunctional work centres for companies operating in various sectors of the German, Chinese and Slovak markets and loans to support the Group expansion’s in foreign markets.
Contact details for the media:
Tel: +39 06 68635.777
SIMEST is part of the CDP Group, 76% owned by SACE, with leading Italian banks and trade associations among its other investors. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers the entire range of financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments.