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          Xinhua Credit
          Italian SME

          Meta System

          October 25, 2019


          Abstract : Meta System, a 120-million turnover and three operative segments is a company based in Reggio Emilia leader in the Italian industry for what concerns connectivity in motion, applied in particular to the automotive sector and therefore to autonomous driving.

          Meta System, a 120-million turnover and three operative segments – e-mobility, data transmission, and security systems (alarms) – is a company based in Reggio Emilia leader in the Italian industry for what concerns connectivity in motion, applied in particular to the automotive sector and therefore to autonomous driving.

          The company, founded in 1973 by Italian entrepreneur Giuseppe Simonazzi – who is not managing it but acting as President of the supervisory board – based the headquarter in Reggio Emilia, and has one of its most important plants in Mornago (VA) and in Shenzhen, a company founded with the support of SIMEST – the CDP’s holding company for the internationalization.

          It specializes in the research, development and production of technology for advanced security systems, servicing the automotive sector in both its OE, after-market and energy segments. It has 220 employees, over 150 registered patents in its three operating divisions – e-mobility, data transfer, and security systems (alarms).

          Since 2015, the company is controlled with a share of 60 percent by Deren Shenzhen Electronics, listed on the Shenzhen Stock Exchange, which has recently opened up its capital to a new partner – the Sichuan Gloport Investment Group, part of a huge state owned conglomerate, the Sichuan Provincial Investment Group (SCIC) – active in sectors ranging from the energy production, real estate development, public services and innovative manufacturing.

          The operation will lead to the strengthening of the company’s capital base through the broadening of its shareholding group. Following the new additions, Meta System’s shares will be as it follows: Deren Shenzen Electronics with 35.09 percent; Sichuan Gloport Investment with 34.5 percent; CMAF with 17.83 percent; and China Alliance with 12.58 percent.

          “When we were choosing the new shareholder, the time factor was of fundamental importance – because the operation should bring new funding about in the short term. These will go in support of our present and future industrial strategies,” said a spokesperson of Meta System. “Strengthening the company’s capital base through this recent agreement does not exclude that, in the near future, we may have new industrial investors joining in, so we will maintain our connections with the multinationals active in the automotive sector. They may prompt a range of possible new evolution stages for Meta System’s governance”.

          Since 2017, the company has been collaborating in this sector with Huawei, through an agreement regarding the connected car strategy. The agreement signed with the company of Reggio Emilia – world leader in the usage-based insurance market (Ubi) – on remote control devices, involved the development of interconnected vehicles application and the supply of a series of Ubi end-to-end solutions for the industry.

          Basically, MetaSystem's interconnected vehicle applications used to be integrated with Huawei's IoT OceanConnect platform.

          “The interaction between the HuaweiOceanConnect IoT platform and MetaSystem allows us to provide applications for high quality connected cars,” explained at the time Zhang Xiwei, the Huawei manager who closed the deal.

          (Source: Class Editori S.p.A)

          Performance

          Meta System is an advanced technology company specialized in mobility.

          Turnover in 2018: 120 million euros.

          Management

          Giovanni Bocelli, CFO

          Contact details

          Meta System

          Via T. Galimberti 5– 42124 Reggio Emilia

          Tel +39 0522 364150 | Email: [email protected]

          Scan the QR code and push it to your mobile phone

          Keyword: Meta-System

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