(Alliance News) - Elsa Solutions Spa makes its debut on the Italian Stock Exchange on Thursday, after raising EUR4.2 million in its IPO.

Elsa Solutions is a company engaged for more than 40 years in the development and proposition of industrial automation solutions, with a particular focus in motion control and special purpose batteries.

Specifically, the company operates through two business lines: E-Motion, inherent to activities as a system integrator of industrial automation systems through which it offers solutions and components for the actuation, management and motion control of mechanical systems in the field of industrial automation and precision handling; and Aliant: assembly of special purpose battery systems, particularly lithium batteries in the hydrogen systems sector.

Davide Dal Pozzo, CEO of Elsa Solutions, said, "It is not easy to hide the excitement: today is a very important day for our company, crowning the work done over the past 41 years of activity. However, this day constitutes a milestone and should be interpreted as a 'further opportunity to boost the growth path we are pursuing. We would like to thank all the people who have shown their trust in Elsa Solutions by giving it the opportunity to reach this moment, especially all the company's employees, customers and suppliers, and of course the advisors and investors."

"The challenges ahead of us are demanding as we are involved in technological markets and undergoing great change: We hope to be able to interpret with flair, passion and dedication but also with the utmost timeliness how to evolve within this context."

Elsa Solutions' stock is unchanged at EUR3.75 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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