Breaking news September 24th at 8pm
The acquisition of IpTronix turbocharges Fae Technology. The company led by Gianmarco Lanzaactive in the electronics sector, has signed a binding agreement to purchase the entire share capital of IpTronix, specialized in highly complex electronics solutions, for 3.1 million euros. The figure includes 700 thousand euros of earn-out linked to the 2025 results of IpTronix. After the announcement, the share of Fae Technology, listed on Euronext Growth Milan, closed the session of September 24, 2024 at 3.9 euros, with a jump of 7.4%.
IpTronix numbers
In 2023 IpTronix has achieved revenues for 1 million euros, with 200 thousand euros of net profit. The acquisition, Fae Technology said in a note, will be completed by December 31st. Subsequently, the founder of IpTronix, Dario Pennisiwill join Fae as chief technology officer.
Analysts’ opinion
According to Alantra analysts, the M&A operation will enhance Fae Technology’s R&D capacity and expand its customer base. In addition, with IpTronix, the Lanza group should also strengthen its positioning in the field of advanced electronics. Alantra confirmed rating buy with a target price of 5.5 euros for Fae Technology. (reproduction reserved)