News
Merger and transformation of Logo S.p.A.
The close of the 2023 financial year brought several changes for us, the two most significant being:
- the merger by incorporation of Graficart Arti Grafiche S.r.l. into LOGO;
- the corporate transformation of LOGO into a Joint Stock Company, together with an increase in Share Capital (to €10 million).
Merger of Graficart into LOGO
The incorporation of Graficart into LOGO, which already held a 100% shareholding in the company, was completed following a complex process that began in 2021. The recovery and reorganisation efforts brought the company back to financial stability, making it possible to proceed with the merger into LOGO with confidence. Through this operation, several objectives will be achieved:
- Improved utilisation and optimisation of machinery and equipment;
- Increased and integrated production capacity across the different facilities;
- Achievement of economies of scale and synergies in research and design;
- Expansion and integration of the product range;
- Optimisation and strengthening of the financial, administrative and organisational structure;
- Improved corporate solidity and stability.
Transformation into a Joint Stock Company
Following the incorporation of Graficart, LOGO has also now reached a scale requiring an adjustment of its corporate structure. The transformation into a Joint Stock Company makes it possible to participate in the Share Capital through shares. This allows collaborators who have distinguished themselves through their commitment and results to become involved in the ownership structure of the company through stock option incentive plans.
At the same time as the transformation, LOGO’s Share Capital was increased to €10 million. This ensures the company’s stability, financial strength and long-term capacity to pursue its growth objectives, positioning it as an important partner in both the national and international markets.
The transformation into a Joint Stock Company requires the appointment, in addition to the Board of Directors, of a Board of Statutory Auditors, as outlined below:
The Board of Directors was appointed on 10 January 2024 and will remain in office until the approval by the shareholders’ meeting of the 2026 financial statements (three financial years in total).
The Board of Statutory Auditors was appointed on 10 January 2024 and will remain in office until the approval by the shareholders’ meeting of the 2026 financial statements (three financial years in total). It consists of three standing auditors, including the Chairman of the Board of Statutory Auditors, and two alternate auditors who will step in should the serving members be unable to perform their duties.
