Today, 27 June 2025, agreements were signed relating to the sale of the total shares held by the Company in Teknoema S.r.l. (“Teknoema”), equal to 51% of the latter’s share capital, in favour of the minority shareholders Pietro Nesci and Barbara Montanari, and the acquisition of 100% of the share capital of D.E.C. Elettronica S.r.l. (“DEC Elettronica”), held by Innovatek S.r.l. (“Innovatek Elettronica”).”). The transactions were completed at the same time as the agreements were signed.
Both operations are part of a broader industrial strategy, aimed at strengthening the “iSee” division, the technological eyewear for the blind, and overall at the development of smart glasses. The goal is to internally strengthen skills in the electronics field, considered increasingly strategic for the evolution of a high-tech product.
iVision Tech made use of the collaboration of Teknoema, which, acquired in May 2024, supported the initial development of the iSee eyewear. In this context, the Company would like to thank the minority shareholders, Pietro Nesci and Barbara Montanari, for their collaboration and for the relationships of mutual esteem established, both from a professional and human point of view. The shares of Teknoema held by iVision Tech are therefore taken over by the minority shareholders of the Company, for a value of the transaction equal to € 1,020,000.
DEC Elettronica, with operational headquarters in Cessalto (TV), is a company active in the EMS (Electronics Manufacturing Services) services sector and specialized in design authority, with strong expertise in the internal design and production of customized electronic boards and equipment.
DEC Elettronica has been identified by iVision Tech as the ideal partner for the finalization and arrival on the market of iSee technological eyewear, successfully launched at the beginning of 2025, and to cover the entire cycle of design and construction of smart devices. For this reason, with the aim of supporting the growth of the project over time and ensuring an ownership and continuous development of electronic skills, it was deemed necessary to integrate these functions directly into the Group.
As of December 31, 2024, the company recorded: revenues of approximately € 3.2 million, EBITDA of approximately € 0.3 million, with an EBITDA margin of 8.8%, net profit of approximately € 0.01 million and net financial debt of approximately € 1.0 million.
The value of the acquisition of DEC Elettronica is € 922,000, paid in full with the Company’s own resources through installment payments with final maturity within two years of the signing of the agreement.
The shareholders’ meeting of DEC Elettronica was also held today, which appointed the new board of directors of the company as follows: Stefano Fulchir, Chairman of the Board of Directors, and Roberto Pecoraro, Director and General Manager. Following the shareholders’ meeting, the board of directors of DEC Elettronica appointed Stefano Fulchir as Chief Executive Officer.
The aforementioned acquisition transaction, taking into account that Innovatek, the counterparty to the transaction, is controlled by Carlo Fulchir, father of Stefano Fulchir and Eva Fulchir – Chief Executive Officers of the Company – and a close family member of the same pursuant to the RPT Regulation, qualifies as a transaction with related parties pursuant to the related parties procedure adopted by the Company (“RPT Procedure”).”). Furthermore, pursuant to the Euronext Growth Milan Related Party Provisions adopted by Borsa Italiana S.p.A. (“RPT EGM Provisions”) and the RPT Procedure, the transaction involves exceeding the 5% threshold with regard to both the asset ratio and the liability ratio.
The transaction was unanimously approved by the Board of Directors following a non-binding favourable opinion issued, following the relevant investigation, by the Company’s Related Parties Committee composed of the sole independent director, Alberto Bertossi.
The information document relating to the transaction, prepared pursuant to the RPT Procedure and in accordance with Annex 3 of the RPT EGM Provisions, will be made available within the terms of the applicable laws and regulations, as well as on the website www.ivisiontech.eu (“Governance/Corporate Documents/Information Document on Related Party Transactions” section) and on the website of Borsa Italiana S.p.A..
Stefano Fulchir, CEO of iVision Tech declares: “DEC Elettronica has been fundamental for the creation of iSee eyewear, and we are well aware of the quality that distinguishes it in terms of technological development and design. Joining the Group consolidates our growth strategies also in the field of smart devices and accelerates the development of new high-tech projects.“
