STAR7

STAR7 - Definitive acquisition completed of CAAR and STI business divisions

Press release
Definitive acquisition completed of CAAR S.p.A. and STI S.r.l. business divisions

 

 

 

Valle San Bartolomeo (Alessandria, Italy), 15 January 2025

STAR7 (EGM: ticker STAR7) announces that it has completed the definitive acquisition of the business divisions of Consulting Automotive Aerospace Railway S.p.A. (“CAAR”) and STI S.r.l., both in judicial liquidation. STAR7 provides an integrated range of product-information services, from product and process engineering support to the creation and management of technical and marketing content, translation, printing and virtual experience. The transaction marks the formalisation of an integration process that began in January 2023, when STAR7 leased the two business divisions.

 

An integration that is already operational

 

Since January 2023, STAR7 has managed the business divisions of CAAR and STI under lease agreements, ensuring operational continuity and progressively integrating the companies’ resources, skills and processes. This preliminary phase allowed STAR7 to consolidate synergies and optimise operational efficiency, laying the foundations for definitive acquisition.

With the signing of the purchase agreement – which took place on 13 January 2025, following a competitive procedure called as a result of the judicial liquidations of CAAR and STI – STAR7 formalises the transfer of ownership of the business divisions, completing a long-term strategic process.

 

Transaction details

 

  • Competitive procedure: STAR7 was awarded the Single Lot comprising the business divisions of CAAR and STI, following the competitive procedure held at the Court of Turin.

     

  • Authorisations and Golden Powers: The transaction was notified to the Office of the Prime Minister in accordance with Italy’s Golden Power Decree. The Office confirmed, in a note dated 20 December 2024, that it will not exercise the special powers provided for by the legislation.

     

  • Business divisions acquired:

     

    • CAAR’s business division includes employment relationships, capital goods, contracts and equity interests outside Italy, including shares in the international companies CAAR do Brasil Consultoria Tecnica LTDA and ABACAAR DOO KRAGUJEVAC.

       

    • STI’s business division includes employment relationships, goods and contracts, with a focus on technical services for industrial and civil plant.

       

 

Strategic impact

 

The definitive acquisition is a formal step but one that is crucial for the consolidation of STAR7’s strategy. Having started managing the business divisions in 2023, STAR7 has been able to seamlessly integrate their activities, strengthening its position in the automotive, aerospace and electronics sectors.

The transaction also enables STAR7 to expand its advanced technical skills and customer portfolio, consolidating its leadership in the strategic reference markets.

 

Statements from management

 

Lorenzo Mondo, Chairman and CEO of STAR7, commented: “The definitive acquisition of the CAAR and STI business divisions represents the natural evolution of a process that began almost two years ago. Thanks to management under lease beginning in 2023, we have been able to progressively integrate the resources and skills of these entities, ensuring operational continuity and creating value for our customers. This formal step enables us to further consolidate our growth strategy and strengthen our leadership in the reference industrial sectors.”

 

Next steps

 

Having completed the definitive acquisition, STAR7 will continue the operational integration of the business divisions, ensuring continuity in customer relationships and developing the skills of the employees involved. The Company confirms its commitment to pursuing sustainable growth and generating value for all stakeholders.

 

This press release is available on the STAR7 website www.star-7.com (in the “Investor Relations/Press releases” section) and on the storage system for regulated information www.1info.it.

 

 

STAR7

For more than 20 years, STAR7 has served its customers as a leader in the product information sector. Support for product and process engineering, creating and managing technical content, as well as marketing, translation, printing and virtual experience: STAR7’s range of services means it can assist its customers throughout the product life-cycle – from design to aftersales.
STAR7’s hallmark has always been an approach combining specific know-how, technology and vision to offer the best possible solutions to the needs of customers and the global market. This approach has seen STAR7 strike major partnerships with leading international companies, establishing it as a reliable and credible global partner.
STAR7 is part of the STAR Group network.
www.star-7.com

 

 

FOR MORE INFORMATION:


INVESTOR RELATIONS
investorrelations@star-7.com

Pierluigi Valletta, CFO and Investor Relations Manager
Mob: +39 0131 19788
Email: pierluigi.valletta@star-7.com

MEDIA RELATIONS 
mediarelations@star-7.com

EURONEXT GROWTH ADVISOR
ALANTRA Capital Markets
Mob: +39 334 6267243
Email: ega@alantra.com
      

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