The Engineering group, led by CEO Maximo Ibarra, recently discussed the company's strategic direction at the G7 Industry and Technology summit in Rome.
The company is aiming for an 18% growth and projected revenues of €1.7 billion by 2023. Engineering plans to achieve this through organic growth and small acquisitions to strengthen its market position. The company is considering a potential stock market listing in the next two to three years.
Engineering is actively consolidating its existing acquisitions and seeking additional small-scale operations to enhance its capabilities in digital technology sectors such as cybersecurity, artificial intelligence, and digital twin technologies. The company's focus on small acquisitions is a deliberate strategy to respond quickly to emerging opportunities in the digital technology arena. Engineering aims to enhance its service offerings and maintain a competitive edge in the industry.
The company's recent integration of Be Shaping the Future and pursuit of Intellera demonstrate its commitment to expanding its presence in the tech landscape. The emphasis on representing the Italian IT and digital sector on an international stage was highlighted by Ibarra at the G7 summit. Engineering's ongoing projects in artificial intelligence and alignment with the Mattei Plan further position the company as a key player in the digital economy.
While an initial public offering (IPO) is being considered, there is no immediate rush, and the focus remains on solidifying the company's market position. The next two to three years will be crucial for Engineering as it navigates its growth strategy and prepares for potential public market entry. The company's proactive approach to targeted investments and integration of smaller firms aligns with the broader trend in the tech industry. Engineering's expansion and focus on research and development, particularly in artificial intelligence, reflect its commitment to technological advancement. Ibarra's participation in the G7 summit showcased the company's dedication to collaboration and dialogue in driving economic progress. The discussions held at the summit are expected to influence future policies and initiatives in the tech sector.