Bar code specialist quoted on Milan Stock Exchange
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Datalogic Scanning product story
Edited by the Engineeringtalk editorial team
Mar 29, 2001
Datalogic, the largest European manufacturer of CCD- and laser based bar code readers and portable data collection terminals, is now quoted on the Nuovo Mercato at the Milan Stock Exchange
On the 28th March 2001 Datalogic, the largest European manufacturer of CCD- and laser based bar code readers and portable data collection terminals was quoted on the Nuovo Mercato at the Milan Stock Exchange.
The quotation has been conducted wholly by the emission and sale of new shares, i.e through an increase in capital, which has brought about a float of around 25% of the company capital.
The value assigned to the Datalogic shares at the moment of placement was Euro 20, generating a total capital from the stock exchange of Euro 230 million.
The operation has been a great success; the request for shares during the booking period in fact surpassed their availability both for the part reserved for the institutional investors, as well as for the part reserved for the public.
The total number of shares offered in the Global Offering was 2,646,000 of which 793,800 were offered to the public in Italy, including.
a portion of the shares reserved for subscription by Datalogic employees.
"Our project of quotation is part of an industrial development strategy, which goes beyond incidental market situations, and is based on the strength of the company which distinguishes us." says Roberto Tunioli, Vice Chairman and CEO of Datalogic.
The reasons for which Datalogic chose to become a public company are varied.
Foremost is the financing of the group development, through the strengthening of the patent portfolio and through targeted acquisitions.
Another important reason is the desire to align the interests of the management with those of the shareholders, through stock option plans.
Datalogic will use the proceeds from the Global Offering for the development of the business.
Datalogic has always focussed on better meeting the needs of current and potential clients, pursuing this strategy with respect to the research and development of new products and applications, as well as through its marketing and distribution structure.
As of 31 December 2000 Datalogic had 669 employees (454 in Italy and 215 abroad).
The turnover was approximately ( 104 million, an increase of about 13% compared to 1999.
In 2000 Datalogic experienced about 26% growth in turnover from core business; foreign sales account for 83% of the total turnover.
In 2000 Datalogic recorded profit of ( 6.5 million.
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