Almawave S.p.A., an Italian company listed on the Euronext Growth Milan (Ticker: AIW) and part of AlmavivA Group, an Artificial Intelligence (AI), natural language processing and Big Data services leader, announces the completion today of the full acquisition of Sistemi Territoriali S.r.l. (hereafter “SisTer”), with registered office in Cascina (Pisa), a developer of Data Science solutions and projects, focused on Open Data Analytics, Spatial Intelligence and Decision Support System platforms for the Multi-utilities and Government sectors, according to the terms and conditions previously announced to the market on February 23, 2022 and May 18, 2022.
Valeria Sandei, Almawave CEO, states: “SisTer boasts a unique range based on highly innovative technologies, particularly in the areas of water resource management, energy saving and environmental sustainability, which integrate well with Almawave’s services. The company joins Almawave Group, following the acquisition of another highly specialised enterprise, The Data Appeal Company, operating both in Italy and overseas and with close ties to the academic world; I am fully confident it will immediately contribute significantly to our Group”.
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