The Padua-based company Zetronic, specializing in mechatronics and industrial supplies for the automotive sector, has signed an agreement to subscribe to a €3 million capital increase in Estrima, the manufacturer of Birò electric minicars, which is currently facing financial difficulties.
The transaction, set to be finalized by March 31, 2025, is subject to ongoing due diligence and will result in the Fulchir family holding between 52% and 58% of Estrima, depending on the outcome of the financial analysis. The goal is the financial and industrial recovery of the company, preventing liquidation and creating synergies between the two production entities in Veneto and Friuli.
Estrima, listed on Euronext Growth Milan since 2021, recorded an 18.6% decline in production value in the first half of 2024 and a net loss of 959,000 euros. After launching a search for new investors in December, Zetronic’s offer represents a decisive step for the company’s future, as stated by Estrima’s president, Matteo Maestri.
Zetronic’s CEO, Carlo Fulchir, emphasized how the agreement will promote integration among the group’s companies, particularly in the electronics sector, through DEC Elettronica.
The news had a positive impact on the stock market: the announcement of the operation led to a 35% increase in Estrima’s shares, raising their value to €0.54.
