(Alliance News) - EdiliziAcrobatica Spa on Friday announced that it has signed binding agreements to establish a corporate and commercial joint venture with the Italsoft Group and simultaneously proceeded to establish the company Acrobatica Smart Living Srl.

Italsoft is an Italian leader in enabling technology for digital and energy innovation in the construction and real estate sectors dedicated to environmental sustainability and decarbonization through energy redevelopment, energy community management and the transformation of buildings into smart buildings.

Acrobatica has become the owner of a majority stake equal to 51 percent of the share capital, fully subscribed and paid up, which guarantees it control and thus the ability to consolidate Acrobatica Smart Living within the group perimeter, the company explained in a note.

Italsoft, as a minority shareholder, became the owner of a 49 percent stake in Acrobatica Smart Living.

EdiliziAcrobatica trades in the red by 1.2 percent at EUR12.40 per share.

By Claudia Cavaliere, Alliance News reporter

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