Eurotech SpA &
Finmeccanica SpA | Update Date: 05/15/08 |
| Date Announced: 05/13/08 |
Value (million $USD): 28.0 million U.S. Dollar
18.1 million EURO |
|
| Status: Pending | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 05/13/08 | | |
| Date Originally Announced | 05/13/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc |
| Attitude | Neutral | Agency | Unspecified Regulatory Auth. |
| Value | 28.0 million U.S. Dollar
18.1 million EURO | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| ITALY - Finmeccanica SpA planned to acquire an 11.1% stake, or 3.936 mil ordinary shares, in Eurotech SpA, an Amaro-based manufacturer and wholesaler of computers, from Mr. Dino Feragotto, Mr. Roberto Chiandussi, and Mr. Giorgio Pezzulli, for 4.6 euros ($7.116 US) per share, or a total value of 18.108 mil euros ($28.014 mil), in a privately negotiated transaction. The transaction was subject to regulatory approval. |
| TARGET |
|---|
| Name | Eurotech SpA (Milan STAR : EURO) |
| Industries | Computers and peripheral equipment and software; Electronic parts and equipment, nec |
| City | Amaro (Udine) |
| State | n/a |
| Nation | Italy |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Eurotech SpA is a manufacturer and wholesaler of miniaturized computers (NanoPCs). The company is headquartered in Amaro, Italy and with locations in the US, France, UK, Finland, Japan, Germany and China. The company is involved in the research, development, production and sale of miniaturized computers (NanoPCs) and high performance computing (HPC) computers, and offer a range of products and services to customers operating in the aerospace, transport, security and manufacturing sectors. The company was founded in 1992. |
| Advisors | Banc of America Securities LLC |
| Target Sales | 111.7 million U.S. Dollar
76.5 million EURO |
|
| ACQUIROR |
|---|
| Name | Finmeccanica SpA (Milan : FNC) |
| Industries | Guided missiles and space vehicles; Search, detection, and navigation equipment; Heavy construction, nec |
| City | Rome |
| State | n/a |
| Nation | Italy |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Finmeccanica SpA, located in Rome, Italy, manufactures, design and develop aircraft, helicopters, satellites, missile systems and other equipment. The Group operates in six areas: Defence area - integrated air defence systems and other military systems. Aeronautics area includes complete civil and military aircraft and structural parts for large commercial airplanes. Transportation area includes complete railway systems, high speed trains and other equipment. Helicopters area includes civil and public utility helicopters. Energy area includes construction of power plants. Space area includes complete space systems, satellites for telecommunications and other civil and military systems. The Group operates in Italy, Rest of the Europe, North America and other parts of the world. The company was founded in 1948. |
| Advisors | Mediobanca SpA |
| Acquiror Sales | 19.61 billion U.S. Dollar
13.43 billion EURO |
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