Bristol December 30, 2021
N-and Group (“N-and”), a company specialized in the design, development and manufacturing of cutting-edge engineering products and software platforms, announces that has signed an agreement to acquire 100% of the entire issued share capital of R.S.R. S.r.l. (“RSR”). The acquisition will be financed in cash and the transaction is expected to be closed early 2022.
Founded in 1993, RSR is a technology company specializing in embedded electronics, machine learning, robotics, IOT, industrial automation, medical equipment for operating rooms, payment systems and industrial PCs.
The headquarters are near Lake Como, an historic and strategic area for Italian technological innovation.
RSR brings 28 years of experience working closely with well-known technological brands and thousands of projects delivered successfully. RSR serves customers in Italy, UK, US and has contracts with global corporations.
Tarcisio Vergani, President and Chief Executive Officer of N-and, commented:
“This acquisition is consistent with our strategy of niche market leadership. RSR is an outstanding business and definitively the best partner to support our journey. They have built a solid customer base and a vast project portfolio with expertise in sophisticated technologies. I do look forward to working with them and bring an innovative twist to the market.”
RSR’s shareholders commented:
“This acquisition marks a new chapter in RSR’s history. We are fascinated by N-and’s strategy and with our expertise we will drive a technological evolution to accelerate the Group’s growth”.
With this acquisition N-and expands its capabilities to drive the integration of new technologies to better serve worldwide customers.
N-and also intends to reinforce its position as one of the top technological leaders in the automatic retail sector, and to establish a strong presence in the IOT and Embedded market.
R.S.R. will operate under its current management structure and will continue to serve existing and newly acquired customers.
N-and Group Ltd