Sofinter, Mimit: Ensuring Production Continuity at All Group Sites
Rome, February 18, 2025 – The Italian government has announced a joint agreement between Sofinter, a leading defense and security company, and Mimit, an industrial group specializing in automotive components, to guarantee the operational continuity of all Sofinter production sites.
The agreement addresses concerns raised about the potential closure of certain Sofinter plants following recent financial challenges. Mimit will provide financial support and collaborate with Sofinter to optimize production processes and enhance the competitiveness of its operations.
“This agreement is a significant step towards preserving jobs and ensuring the stability of the defense and security industry in Italy,” said the Italian Minister of Defense, Guido Crosetto. “The government is committed to supporting strategic companies like Sofinter and fostering their growth and development.”
Mimit’s Chairman and CEO, Marco Tronchetti Provera, expressed his confidence in the partnership’s potential. “We are delighted to join forces with Sofinter and contribute to the success of a company with a rich heritage in the defense sector,” he said. “Together, we will strengthen Sofinter’s position in the global market and create synergies that will benefit both organizations.”
Sofinter’s CEO, Francesco Gori, welcomed the agreement as a vote of confidence in the company’s future. “This partnership will provide us with the necessary resources and expertise to overcome our current challenges and emerge stronger than ever,” he said. “We are grateful for the government’s support and the unwavering commitment of our employees.”
The agreement ensures the continued operation of Sofinter’s facilities in Rome, Turin, Venice, and Naples. It also includes provisions for investment in research and development, as well as employee training and upskilling initiatives.
The Italian government’s intervention has been met with positive reactions from industry leaders and union representatives. They view the agreement as a demonstration of the government’s commitment to supporting the defense and security sector and preserving high-value jobs in Italy.
The Sofinter-Mimit partnership is expected to strengthen the Italian defense industry and position the country as a key player in the global security landscape.
Sofinter, Mimit: to guarantee the continuity of the productive of all the sites of the group
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