First listing of 2023 on Euronext Milan
EuroGroup Laminations is the fifth listing on the Euronext Tech Leaders segment since its launch in June 2022, bringing the total number of Euronext Tech Leaders to 112
Fourth listing on Euronext in 2023
Total placement volume of the offering equal to €423 million
Milan – 10 February 2023 – Borsa Italiana, part of the Euronext Group, today congratulates EuroGroup Laminations on its listing on Euronext Milan.
EuroGroup Laminations operates in the design, production and distribution of the motor core (stators and rotors) for electric motors and generators. The Group’s business is organised along two segments: EV&Automotive, and Industrial.
EuroGroup Laminations represents the first listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 244.
In the placement phase, EuroGroup Laminations raised €393 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €432 million.
The implicit valuation indicated by the company, taking into account the different categories of shares, is €922 million.
Marco Arduini, CEO of EuroGroup Laminations S.p.A., said: “The listing on Euronext Milan represents another achievement of the growth path which began 56 years ago and that is still ongoing. Passion, vision, ability to innovate and read the market are just some of the ingredients that allowed us to achieve important milestones and gain world leadership in our sector. A thoughtful thank goes to EGLA's 2.800 employees who contribute to its performance and development every day. We are a cohesive and motivated team! I am convinced that we will be able to reciprocate the trust of the numerous and prestigious investors who believed in us. We will invest the resources raised in our path of solid growth and sustainable value creation over a medium-long term horizon. The positioning and visibility of being a listed company will allow us to seize new business opportunities to pursue the ambitious and challenging goals we have set for the future.”
EuroGroup Laminations joins the Euronext Tech Leaders segment launched by Euronext in June 2022 with the support of its strong network of partners. The Euronext Tech Leaders initiative includes several services, such as the creation of a segment gathering more than one hundred European companies listed on Euronext markets, an index made up of the stocks in this segment, a range of services for the visibility and promotion of Euronext Tech Leaders companies to international investors, improved trading conditions, the creation of a community of Tech Leaders through the integration of a C-level Club and the organisation of the Euronext Tech Leaders Campus, which aims to become the annual meeting venue of Tech companies in Europe.
112 companies are now part of the Euronext Tech Leaders segment with an aggregated market cap of over €915 billion across three main sectors: Healthtech, General Tech, Cleantech.
The Euronext Tech Leaders initiative complements Euronext’s existing Tech offer, which includes an ecosystem of over 750 Tech companies listed on Euronext markets and over 650 alumni of its TechShare pre-IPO programme, as well as a broad investor base to finance all growth types of Tech companies. With this initiative, Euronext strengthens the European Tech sector and acts as a catalyst of the next generation of Tech Leaders.
To learn more about the Euronext Tech Leaders initiative: Tech Leaders: for innovative, high-growth Tech companies | Euronext.
Caption Sergio Iori, Chairman of EuroGroup Laminations S.p.A., Marco Arduini, CEO of EuroGroup Laminations S.p.A. and Isidoro Guardalà, CFO of EuroGroup Laminations S.p.A, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About EuroGroup Laminations S.p.A. EuroGroup Laminations is a world leader in the design, production and distribution of the motor core (stators and rotors) for electric motors and generators. The Group’s business is organized along two segments: (i) EV & AUTOMOTIVE, which designs and produces the motor core of electric motors used in electric vehicles traction, as well as a wide range of non-traction automotive applications; and (ii) INDUSTRIAL, which designs and produces products used in various applications including, among others, industrial applications, home automation, HVAC equipment, wind energy, logistics and pumps. With headquarters in Baranzate (MI), EuroGroup Laminations recorded revenues for approximately Euro 557 million in 2021, it can currently count on a workforce of approximately 2,800 employees, 7 production plants in Italy and 5 abroad (Mexico, United States, China, and Tunisia) and an Order Book for the EV & AUTOMOTIVE segment with an estimated value of approximately €5 billion.