Almawave: closing of the acquisition of 100 percent of Territorial Systems finalized | Almawave
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25 May 2022

Almawave: closing of the acquisition of 100 percent of Territorial Systems finalized

Almawave S.p.A., an Italian company listed on Euronext Growth Milan (Ticker: AIW), and part of the AlmavivA Group, a leader in Artificial Intelligence (AI), natural language analysis and Big Data services, announces that today it has finalized the acquisition of 100% of the share capital of Sistemi Territoriali S.r.l. (“SisTer”), a company based in Cascina (Pisa) and active in the development of solutions and projects in the Data Science field, focused on Open Data Analytics, Spatial Intelligence and Decision Support System platforms, for the Multi-utilities and Government sectors, under the conditions and terms already disclosed to the market on February 23, 2022 and May 18, 2022.

Valeria Sandei, CEO of Almawave, emphasizes, “SisTer boasts a peculiar offering, based on highly innovative technologies particularly in the areas of water resource management, energy saving and environmental sustainability, which are well integrated with Almawave’s services. After the acquisition of The Data Appeal Company another highly specialized company, active both in Italy and abroad and deeply linked to the academic world, thus enters the perimeter of Almawave: I am convinced it will immediately bring a significant contribution to our Group.”

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