Somec S p A: invests in the expansion of its business and creates the new company Mestieri srl

SOMEC INVESTS IN THE EXPANSION OF THE COMPANY AND IMPLEMENTS THE NEW

COMPANY MESTIERI Srl

The Group continues its corporate reorganization and strengthens its high-end offer

interior design and creation department

San Vendemiano (TV), February 17, 2022 – Somec SpA, a company listed on the Euronext Milan market (Italian stock exchange) and specialized in the engineering of complex turnkey civil and naval architecture projects, founds the new company Mestieri Srl in order to develop the activity of the parent company and strengthen its design division and creation of high-end interiors.

Mestieri, 100% owned by Somec SpA and based in San Vendemiano in the province of Treviso, Italy, was created with the aim of creating turnkey projects for luxury interiors, making the most of the skills and the know-how of various artisanal companies highly specialized in the work of various materials, from metals to marble, including precious woods, leathers and fabrics.

A history of excellence, with a heritage of references unique in the world, which can now count on the coordination of a leading company that integrates them and takes charge of the overall management of the most complex projects, opening their doors to objectives of increasingly ambitious. Craftsmanship, knowledge, flexibility and the ability to find solutions in the design and execution phases are typical values ​​of these companies and, more generally, of Made in Italy products, appreciated internationally.

“Our country is full of companies with unique knowledge and skills in working with various materials, but these companies are often too small to access the most important orders at the international level”, commented Oscar Marchetto, president of Somec. “With the creation of Mestieri, we can open these companies to new opportunities and guarantee the preservation of the extraordinary heritage that belongs to Italian know-how. With this operation, Somec further consolidates its growth project through three segments activity: marine and civil glazing, professional galley systems and bespoke interiors”.

The demand for luxury interiors is constantly growing and is particularly strong in various sectors, including high-end residential, retail and luxury hotels, both in the civil and naval sectors. With a positive prospect of return on investment, Mestieri will offer highly personalized turnkey solutions with a high concentration of craftsmanship value, which guarantees Italian companies to be recognized and sought after internationally.

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SOME C

SOMEC SpA specializes in the engineering, design and execution of complex turnkey civil and naval engineering projects in three contract segments: engineering systems for naval architecture and civil facades, systems and products for professional kitchen, and the design and creation of personalized interiors. The companies of the Group operate according to a similar economic model, focused on design, production and installation, in compliance with strict quality and safety standards in civil and naval engineering. The projects managed by the Group are distinguished by their high level of customization and material-specific know-how, a fundamental requirement in high value-added projects. Through its rigorous certification and accreditation process, SOMEC has earned a reputation for quality and operational and financial reliability worldwide. SOMEC is headquartered in San Vendemiano in the province of Treviso in Italy, has companies in the United States, Slovakia, China and Canada, employs approximately 800 people and recorded a turnover of 223.4 million euros in 2020.

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