(Alliance News) - Trevi Finanziaria Industriale Spa announced Thursday that its Trevi Spa and Soilmec Spa divisions have won contracts and orders worth a total of EUR216.2 million in the first four months of 2023.

Thanks to these acquisitions, the group's order backlog as of April 2023 stands at EUR591 million.

"In addition to the Trevi acquisitions and Soilmec orders that have consolidated our group order book," emphasizes Giuseppe Caselli, CEO of the Trevi Group, "we are working, with good prospects, on other interesting development opportunities both in Italy and abroad. Among the most recent acquisitions we highlight some projects in Italy and the Middle East."

In Italy, Trevi recently signed a contract for the foundation works for the new Passante Ferroviario in Florence. This is the urban section of the new HS/HC line that will run underground with two parallel tunnels for about 7 kilometers.

In Milan, Trevi will instead be engaged on behalf of Evd Milan - a company belonging to the Cts Eventim Group, listed on the Frankfurt Stock Exchange - in piling works for the construction of the new Santa Giulia Arena, a multipurpose facility that will host field hockey competitions during the Milan-Cortina 2026 Olympics.

In Sicily, on the other hand, Trevi will work for the MCT consortium that was awarded by Rfi the "II lot Fiumefreddo-Taormina" of the railway doubling on the Messina-Catania section of the line.

New acquisitions also took place in the Middle East area, the company's note says.

In Saudi Arabia, Trevi Arabian Soil Contractor, a local subsidiary of Trevi Division, will perform foundation work for the construction of the new DoubleTree by Hilton Jeddah King Abdullah Square Hotel and Suites.

In Kuwait, Trevi's subsidiary will carry out foundation works for the CMA Tower, the new headquarters of the Capital Market Authority, the body that oversees the financial stability of the Kuwait Stock Exchange, the oldest in the Gulf region.

Finally, in UAE Swissboring Overseas, a subsidiary of Trevi, will be engaged, on behalf of MAG Group, a real estate company, in the foundations of the Keturah Resort, destined to become, with villas, apartments and hotels, one of the largest wellness centers in the world.

Trevi closed up 7.3 percent at EUR0.27 per share.

By Chiara Bruschi, Alliance News reporter

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