Group RINA finalizes the acquisition of 80% of the capital stock of Of Appolonia



The society of Italian classification RINA has acquired 80% of the actions of Of Appolonia, group specialized in ingegneristica advising that - as RINA - center to Genoa has and has a net of Italian offices (to Rome, Milan, Viareggio, Naples, Brindisi and Messina) and in the world (to Brussels, Podgorica, Beijing, Seoul, Cairo, Istanbul, Saint Petersburg and Abu Dhabi).

The organic one of Of Appolonia is constituted gives beyond 580 people, of which about 300 in the capital of Liguria, and it comprises engineers, specialists and technicians with avant-garde qualifications. The competences of the company embrace launches live of engineering: structural, geotecnica, hydraulic, mechanical, chemical, environmental civilian and, electronic, of process and risk, but also the systems of transport and the telecommunications.

The acquisition of 80% of the capital stock has a next value to 36 million euros. Introducing this morning the agreement between the two companies in the headquarters of the RINA, the managing director of the classification society, Ugo Salerno, in fact it has confirmed that the transaction recognizes to Of Appolonia a value of the company pairs to 45 million euros. Remaining 20% - it has specified the president of the Group D' Appolonia, Giampaolo Vaccaro - remain to the six associates between which previously the capital was shared.

The "courtship" of the RINA regarding Of Appolonia has lasted four years. Cowherd has emphasized that its society has received manifestations of interest from others important groups, between which the society of French classification Bureau Veritas and that American ABS.

However - it has explained Cowherd - the intention of the society never has not been the sale, but to characterize the better opportunities in order to develop ulteriorly Of Appolonia maintaining and increasing the know-how-how and the organic one of the company, than moreover it had managed an internal plan of ulterior increase in order to increase the volume of transactions from 90 to 120 million euros in three years on the wake of a strong development that has carried the society to record in a 2009 value of the production pairs to 45 million euros that are gone up the next year to 60 million in order to approximate this year to 90 million.

With the acquisition of 80% of Of Appolonia the consistency of group RINA it will go up to beyond two thousand direct dependent and revenues previewed for the 2012 pairs to about 300 million euros.

Salerno has confirmed moreover that Of Appolonia it will maintain own autonomy. The company will continue to being guided from the current managing director Roberto Carpaneto and its activity will be integrated almost in complementary way with that of the RINA without overlaps: it is an acquisition - it has specified - than not tip to a volume increase, as for the performance of synergies. Of Appolonia - it has specified - it enters before in the projects and after the RINA, that is in the phase of study of feasibility of the initiative and then it re-enters at stake to finished project, while the activity of the classification society is centralized on the intermediate phase.

The markets of reference of Of Appolonia are Italy for 48%, Europe for 24.5% and Asia with 22%. However in national within Cowherd does not catch a glimpse some new opportunity: "Italy - it has found - is a Country that it does not invest from 20 years. At Italy - it has added - I would not aim nothing". According to the president of Of Appolonia, the best occasions than business could be cultured in areas, as South America, in strong increase and equipped of natural resources in a position to stimulating the development of the systems economic and industrial. The main field of market towards which addressing the activity of the society - Vaccaro and Carpaneto have confirmed - it will continue to being that of the energy, is of the traditional type that in the field of the renewable ones, let alone the other sections in which Of Appolonia in about thirty years of activity it has obtained the international acknowledgment of the own characterized competences.