Salcef Group — M&A Activity 2022

Nov 18, 2022

Informazione Regolamentata n. 20176-57-2022		Data/Ora Ricezione 18 Novembre 2022 08:31:01	Euronext Star Milan
Societa'	:	SALCEF GROUP
Identificativo Informazione Regolamentata	:	169591
Nome utilizzatore	:	SALCEFGROUPN02 - Salciccia
Tipologia	:	REGEM
Data/Ora Ricezione	:	18 Novembre 2022 08:31:01
Data/Ora Inizio Diffusione presunta	:	18 Novembre 2022 08:31:02
Oggetto	:	Salcef Group: second contract in Romania for the modernization of the Caransebe - Timioara - Arad railway
Testo del comunicato

Vedi allegato.

Press Release

Salcef Group: second contract in Romania for the modernization of the Caransebeș - Timișoara - Arad railway

Rome, 18 November 2022 – Salcef Group S.p.A. informs that the consortium between Webuild S.p.A. and the subsidiary Salcef S.p.A. signed a contract with the Romanian national railway company for the modernization of the Lot 4 of the Caransebeș - Timișoara - Arad railway. The contract is worth approximately 440 million euros, of which about 27% pertaining to the Group.

Along the about 55 km of railway between Ronaț Triaj Gr. D and Arad, the project entails modernization and track doubling without traffic outages on the existing line. The Group's scope of work includes the design and construction of trackworks and electrification systems only, with the remaining activities, including the civil works, in the hands of the partner.

The project is financed by the European funds of the Operational Programme for Large Infrastructure (POIM), whose objectives include the development of the trans-European transport network TEN-T, of which the Caransebeș - Timișoara - Arad railway is part within the Rhine - Danube corridor.

Overall, the activities on lot 3 and 4 of the Caransebeș - Timișoara - Arad railway have a value for the Group of around 200 million euros which, together with the two framework agreements for track renewal in the Timișoara and Cluj areas, signed at the end of September, brings the total amount of new contracts signed in Romania over the last two moths to 275 million euros.

This press release is available on the Salcef Group website https://www.salcef.com, in the Investor Relations/Price Sensitive Press Releases section.

The Salcef Group has been operating for over 70 years in the development and innovation of sustainable mobility infrastructures. It is a global player in the maintenance, renewal, construction and electrification of railway and urban transport infrastructure, as well as in the construction and sale of railway machines and the production of reinforced concrete structures. Maintenance and renewal of railway and urban infrastructure form the core business and account for 71% of volumes. Established in 1949, Salcef has been controlled by the Salciccia family since 1975 and it is currently led by brothers Gilberto and Valeriano Salciccia, in the roles of Chairman and Chief Executive Officer respectively. The Group has 6 Operative Business Units and is present on 4 continents. It employs more than 1,500 highly specialized resources and in 2021 recorded revenues for 440 million euro. The Salcef Group is based in Italy and since October 2021 is listed on the STAR segment of the Euronext Milan market of the Italian Stock Exchange (Borsa Italiana: SCF; Reuters: SCFG.MI; Bloomberg: SCF:IM).