Following the press release issued on May 30, 2022, CRIF today announces that it has finalized the acquisition of 95% of Re Valuta S.p.A., a company that offers technical and valuation services in the real estate sector, for a consideration of EUR 48.2 million. The equity value was determined on the basis of an enterprise value of Re Valuta of EUR 46 million, adjusted for the estimated net financial position at closing.
The transaction is part of a multiannual growth program characterized by investments aimed at expanding the CRIF ecosystem, with the purpose of ensuring an increasingly high level of service and innovative solutions supporting the entire economic system.
In this case, the recognized expertise and complementarity of CRIF and Re Valuta solutions will ensure an unparalleled depth of information for the valuation of properties and comparables. This will make it possible to respond even more effectively to the needs of a fast-growing property market, which is more focused than ever on sustainability and increasingly demanding in terms of value-added information and operational and technological flexibility, areas where the synergies between the two companies, which will continue to operate separately and independently, will be most evident.
“The acquisition of Re Valuta further consolidates CRIF’s position in Italy and allows us to respond even more effectively to the needs of the property market, which is increasingly demanding in terms of value-added services and increasingly focused on the analysis and monitoring of new parameters, such as advanced analytics and ESG analytics,” commented Carlo Gherardi, Chairman and CEO of CRIF.
