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Circle acquires 100% of “Progetto Adele”


August 2, 2019 - Circle S.p.A. ("Circle"), company headed by the homonymous group, specialized in the analysis and development of automation and digitalization solutions for the port sectors and intermodal logistics, listed on the AIM Italia market, organized and managed by Borsa Italiana, communicates to have defined yesterday the acquisition of 100% of the share capital of Progetto Adele Srl ("Progetto Adele"), a software house specialized in logistics and distribution.
"We are extremely satisfied with the today agreement which completes the range of vertical solutions in the supply chain, covering the freight forworder and logistics segments”, 
Luca Abatello, Chairman and CEO of Circle, stated.
 “These products, integrated with our innovative solutions of Tracking, Internet of Things and intermodal transport, allow enormous efficiency, costs reduction and increase in performance as required by the major international importers and exporters, with a view to Supply Chain Visibility. Furthermore, the transaction has been concluded with excellent economic and financial terms and conditions thanks to synergies and ability to create value recognized by the target company”.

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