17th listing of 2022 on Euronext Growth Milan
Franchetti S.p.A. brings the total number of companies listed on Euronext Growth Milan to 183
Total placement volume of the offering equal to €2.5 million
Milan – 29 September 2022 – Borsa Italiana, part of the Euronext Group, today congratulates Franchetti S.p.A. on its listing on Euronext Growth Milan.
Franchetti S.p.A is owner of the Franchetti Group, a pioneer in the industry of management, diagnostics and predictive maintenance of infrastructure, particularly bridges and viaducts. Founded in 2013, Franchetti is an innovative SME that has carried out operations on over 38,000 equivalent motorway and railway bridges worldwide.
Franchetti S.p.A. represents the 17th listing since the beginning of the year on Borsa Italiana’s market dedicated to small and medium-sized companies, and it brings the total number of firms currently listed on Euronext Growth Milan to 183.
In the placement phase, Franchetti S.p.A. raised €2.2 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €2.5 million.
Paolo Franchetti, Chairman and CEO of Franchetti S.p.A., said: “The IPO is an important step forward in supporting the growth of the company. We bring a new approach and cutting-edge solutions to the urgent demand for sustainability, safety and resilience of essential infrastructure such as bridges, roads and viaducts. The qualified investors who have placed their trust in us have understood this and know that they will be able to seize the wave of reconstruction and maintenance of the infrastructure that connects the territory in many advanced countries. In Italy alone, there are estimated to be 150,000 bridges in need of monitoring and maintenance. Our proprietary solutions, based on artificial intelligence and predictive data analysis, allow users to quickly and safely estimate the life cycle of infrastructure, plan the type of intervention and the timing, ensuring a more efficient and sustainable allocation of resources. The capital raised through the IPO will allow us to invest in research, development and skills. We intend to grow, also through external lines, in Italy and abroad, for example in countries such as Brazil and North America, where we are already operating and where we intend to seize the vast potential for development”.
Caption: Paolo Franchetti, Chairman and CEO of Franchetti S.p.A. and Michele Frizzarin, Partner of Franchetti S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About Franchetti S.p.A. Franchetti S.p.A holds the Franchetti Group, a pioneer in the field of the management, diagnostics and predictive maintenance of infrastructures, bridges and viaducts in particular. Founded in 2013 in Arzignano (VI) with subsidiaries in Brazil and Canada, operations in the USA, India and Singapore, Franchetti is an innovative SME that has operated on over 38,000 equivalent motorway and railway bridges worldwide. The Group boasts a technical and scientific curriculum that places it among the leading international experts in the sector. The activity is divided into two main business lines: diagnosis and therapy services for the maintenance of infrastructures with inspections and assessments, planning of interventions and, construction management and ICT services for predictive planning of infrastructure maintenance. Franchetti has in fact developed two proprietary software that exploit the potential of artificial intelligence and predictive data analysis: Argan® allows to estimate the life cycle of the infrastructure and therefore automatically derives the trend of the security level over time in different maintenance scenarios and contexts, and Pathwork© allows optimised management of road and motorway construction sites of infrastructures, for a more sustainable mobility. With a staff of 67 professionals, of which over 90% graduated in engineering, the Group achieved consolidated revenues of approximately €4 million in 2021, of which 77% generated in Italy and 23% in Brazil