ILPRA S.p.A.

Equities

ILP

IT0005359101

Industrial Machinery & Equipment

Market Closed - Borsa Italiana Other stock markets 16:44:59 31/05/2024 BST			5-day change	1st Jan Change
5.65 ^EUR	+5.61%		+15.78%	+9.71%

05-16	Ilpra approves merger of subsidiaries Eltec Srl and Ivaxia	AN
05-02	ILPRA S.p.A. acquired Ivaxia S.R.L.	CI

Ilpra approves merger of subsidiaries Eltec Srl and Ivaxia

May 16, 2024 at 11:20 am

(Alliance News) - Ilpra Spa announced Thursday that its board of directors has approved the merger of wholly owned subsidiaries Eltec Srl and Ivaxia Srl into Ilpra.

The merger plan was also approved by the board of directors of both companies involved.

Maurizio Bertocco, chairman and CEO of Ilpra, commented, "The approval of the merger plan is aimed at simplifying the organizational structure and increasing efficiency in the management of activities through concentration and rationalization of the structure, also achieving economies of scale especially in the purchase of products and raw materials."

Ilpra's stock trades in the green by 0.4 percent at EUR4.88 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about ILPRA S.p.A.

Ilpra approves merger of subsidiaries Eltec Srl and Ivaxia	05-16	AN
ILPRA S.p.A. acquired Ivaxia S.R.L.	05-01	CI
Ilpra, board of directors resolves to purchase the remainder of Ilpra System Espana	04-18	AN
ILPRA S.p.A. agreed to acquire remining 76.67% stake in Ilpra Systems EspaIa Sl.	04-17	CI
ILPRA S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	03-28	CI
Ilpra increases revenues by 27 percent in 2023; profit in line	03-28	AN
Mib down; BPER places EUR500 million AT1	01-10	AN
Mib down in 30,400 area; banks suffer	01-09	AN
Listings in the red; Eurozone unemployment falls	01-09	AN
Stock markets in the red; Cucinelli pushes after accounts	01-09	AN
Futures bullish; Brent at USD76	01-09	AN
Mib rises to 30,500 area; Amplifon pulls away from all	01-08	AN
Ilpra expands sales network in South Korea with new opening	01-08	AN
Rally expected after Fed and before ECB and BoE	12-14	AN
Still caution ahead of central banks	12-13	AN
Still caution ahead of central banks	12-13	AN
Ilpra has opened a sales subsidiary in Saudi Arabia	12-13	AN
Ilpra chairman takes over 4,800 shares	11-07	AN
Bertocco's Holds has acquired more than 29,000 common shares of Ilpra	06/10/23	AN
ILPRA S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	21/09/23	CI
Ilpra takes over the remaining stake not held in Eltec by historical shareholders	19/07/23	AN
ILPRA S.p.A. acquired remaining 49% stake in Eltec S.R.L. from Elena Bossi and Luigi Bossi for approximately ?0.1 million.	18/07/23	CI
Ilpra's Zini divests 3,600 ordinary shares	28/06/23	AN
European stock exchanges up; Mib above 27,300, Saipem leads	27/06/23	AN
Stock markets bullish; oil remains stable	27/06/23	AN

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Company Profile

ILPRA SpA is an Italy-based technology company. It provides technology solutions for the packaging industry. It operates in the food, non-food and medical/healthcare markets. Its product offering includes a wide range of customizable products divided into three lines: Filling/Dosing, Traysealing and Thermoforming machines. The different machines ensure sealing, vacuum, modified atmosphere and skin packaging. The machines can be automatic, semiautomatic, in line or rotary. The Companyâs machines can be integrated into an existing production line or they can operate as stand-alone machines. The Company operates globally.

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Industrial Machinery & Equipment

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BUY

Number of Analysts

Last Close Price

5.65 EUR

Average target price

8.637 EUR

Spread / Average Target

+52.86%

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Company calendar

Sector Industrial Machinery

	1st Jan change	Capi.
ILPRA S.P.A.	+9.71%	68.85M
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HAITIAN INTERNATIONAL HOLDINGS LIMITED	+23.45%	4.85B
WUXI LEAD INTELLIGENT EQUIPMENT CO.,LTD.	-21.91%	4.32B
KRONES AG	+12.70%	4.3B
TOMRA SYSTEMS ASA	+11.62%	3.88B
IHI CORPORATION	+46.61%	3.7B
KADANT INC.	+2.03%	3.23B

Industrial Machinery