(Alliance News) - Banco BPM Spa announced Monday that it has signed a EUR5 million financing agreement to benefit Mare Group, a company that has been active for more than 20 years and focused on innovation through new enabling technologies for industry.

The financing is in addition to operations already underway to support Mare Wave, the multi-year growth plan designed to enable investments of up to EUR80 million and which, already underway, is rapidly accelerating Mare Group's evolution domestically through acquisitions, organic growth and the introduction of a new scalable business model.

"Supporting the most promising realities of the territories, favoring their growth, is one of the objectives that our credit institution has always set itself," said Giuseppe Boscaino, head of Banco BPM's Center-South Corporate Market. "We believe in the Mare Group project, in the innovative scope of a proposal that sees SMEs as the great protagonists of the digital transformation and development of the national production fabric. The financing agreement was created to support a group capable of looking to the future, involving different players in the most ambitious challenges, from businesses of all sizes to public administrations."

From a market perspective, the Mare Wave plan is based on the recently launched DELFI.AI platform aimed at SMEs. Using proprietary Eureso technology, DELFI.AI enables SMEs to use next-generation artificial intelligence on their own. By simply entering the VAT number, companies can analyze their level of innovation, identify the competitive landscape and measure improvement potential, beginning a path that companies can manage flexibly and autonomously to grow and evolve.

Banco BPM's stock is up 4.7 percent at EUR3.86 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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