CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse
With a €6 million investment, CFE Finance Group has acquired 100% of TechStar, a pioneering company in industrial metaverse technologies. TechStar has one of the most advanced B2B solutions for the industrial and enterprise metaverse.
TechStar leverages advanced technologies like Extended Reality (XR), Artificial Intelligence (AI), and Digital Twin, applicable across multiple sectors such as industrial manufacturing, healthcare, public services, and training.
The full acquisition demonstrates the commitment of CFE Finance Group to fostering innovation and solidifying its position in the rapidly expanding industrial metaverse market. Meta Presence offers scalable and secure solutions suitable for both small and large enterprises, establishing TechStar’s partnerships with major IT market players and serving prestigious clients worldwide.
The decision to acquire the entirety of TechStar is perfectly in line with our long-term investment strategy, which focuses on high-growth sectors and on technologies that adhere to ESG principles. TechStar not only meets these criteria but allows us to be at the forefront of global industrial innovation, thanks to the talent and vision of its team. We are convinced that this transaction will generate significant growth opportunities and returns.
Marina Padalino | CFE Finance Group’s Board Member.
The acquisition strengthens the position of CFE Finance Group as one of the main players in the industrial metaverse sector, laying the groundwork for strong international expansion and achieving sustainable profitability by 2025.
This agreement represents a milestone for both companies, marking the beginning of a new phase of development and success in the industrial metaverse landscape. The financial solidity and long-term vision of CFE Finance Group provides TechStar with the necessary resources to expand its international presence and consolidate its market leadership, while simultaneously generating sustainable profits.
Tazio Sacilotto | TechStar’s COO
The transaction was managed by Mr Rocca and Mr Undari of the legal and tax firm Rocca Mazzola Undari Associati, who provided legal and fiscal assistance to CFE Finance Group.
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