(Alliance News) - Sesa Spa announced Monday that it has acquired through Var Group Spa -- a wholly owned subsidiary of Sesa -- a 51 percent stake in SmartCAE Srl, which will be integrated into the Var4Industries business unit, thereby strengthening expertise and software solutions for the engineering sector.

SmartCAE develops engineering software solutions on Siemens Industries Software platforms.

The partnership deal is part of Sesa Group's broader strategy of investing in projects geared toward developing its vertical digital competencies in sectors of strategic importance to the European economy, supporting the digital transformation of businesses and organizations, the company explained in a note.

Sesa trades in the green by 1.5 percent at EUR116.50 per share.

By Claudia Cavaliere, Alliance News reporter

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