SOLUTIONS 30 : STRATEGIC ACQUISITION FOR MOBILE NETWORKS IN ITALY
10 Novembre 2020 - 6:20PM
SOLUTIONS 30 : STRATEGIC ACQUISITION FOR MOBILE NETWORKS IN ITALY
Solutions 30 SE announces today the
acquisition of a 60% stake in Algor SRL, a specialist in
technical field services dedicated to mobile networks in Italy.
Created in 2003 by a team of telecommunications
experts, Algor intervenes at different stages of mobile network
deployment, from design to installation and site upgrades. Over the
years, the company has successfully helped its customers adapt to
rapidly changing technology, securing the loyalty of a portfolio of
prestigious clients, including TIM, Vodafone, Ericsson and
Cellnex.
“The alliance between Algor and
Solutions 30 will boost our growth strategy, giving us the
resources we need to reach our potential in a booming sector,” says
Alessio Ramini, CEO of Algor SRL.
This strategic acquisition is part of
Solutions 30’s ambitious European growth plan. After
Provisiona in Spain, Algor provides a new source of growth for the
group in next generation mobile networks, while the
telecommunications sector as a whole is returning to more favorable
dynamics in Italy.
Ruggero Fortis, General Manager of
Solutions 30 Italy says, “I am very pleased to welcome
the Algor teams at this key moment in our expansion in Italy. This
acquisition gives us additional skills and assets to strengthen our
position in the telecommunications sector and opens up new
opportunities in the mobile networks market.”
Algor is located in Northern Italy and posted
revenue of €3.9 million in 2019, with a level of profitability
close to the group’s standards. The company will be fully
consolidated in the group’s accounts as of November 1, 2020.
About
Solutions 30 SE
The Solutions 30 group is the European
leader in solutions for new technologies. Its mission is to make
the technological developments that are transforming our daily
lives accessible to everyone, individuals and businesses alike.
Yesterday, it was computers and the Internet. Today, it’s digital
technology. Tomorrow, it will be technologies that make the world
even more interconnected in real time. With more than
30 million call-outs carried out since it was founded and a
network of more than 10,000 local technicians, Solutions 30
currently covers all of France, Italy, Germany, the Netherlands,
Belgium, Luxembourg, the Iberian Peninsula, and Poland. The share
capital of Solutions 30 SE consists of
107,127,984 shares, equal to the number of theoretical votes
that can be exercised.Solutions 30 SE is listed on the
Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes:
MSCI Europe Small Cap | Tech40 | CAC PME | SBF120 | CAC Mid 60.
Visit our website for more information: www.solutions30.com
Contact
Analysts/investors: Nathalie Boumendil |
Tel: +33 (0)6 85 82 41 95 |
nathalie.boumendil@solutions30.comPress: Samuel Beaupain | Tel: +
352 2 777 4210 | media.relations@solutions30.com