The first phase of the complex procedure for the preventive arrangement of Meta System has been successfully completed. Meta System is a leading European player and the operating holding company of the eponymous industrial group, specialized in advanced electronic systems for the automotive sector and sustainable mobility, headquartered in Reggio Emilia, with production facilities in Italy and abroad. On July 1, 2025, a transfer was ordered in favor of the investment company Certina (through an Italian legal vehicle) of the company’s business units, as part of the structured procedure for the preventive arrangement with indirect business continuity. The eligibility of this procedure was granted by the Court of Bologna with a decree published on July 2, 2025. The Court of Bologna's admission follows a highly complex "pre-notice" phase that began in December 2024 and garnered considerable attention from the Minister for Enterprises and Made in Italy, the Emilia-Romagna Region, and social parties. This preventive arrangement is of great interest for the areas in which Meta System operates, having safeguarded over 500 jobs, as well as for the country’s entire production system and the global automotive sector.
Meta System was assisted by the law firm Dentons Italy – with a multidisciplinary team coordinated by Federico Sutti, Chairman of the Europe Board and Italy Managing Partner, and consisting of Counsel Andrea Trabucco and Associate Giacomo Arrighi for bankruptcy and insolvency matters, Partners Junyi Bai and Luca Pocobelli, assisted by Counsel Marilina Di Lauro and Associate Manuel Sturba for corporate and commercial law matters, as well as Partner Davide Boffi and Associate Eugenia Fornaciari for labor and union law aspects – and by PwC Italy, with a multidisciplinary team acting as lead financial advisor. The investment company Certina, represented by Giovanni Santamaria and Giuseppe Grizzo, was assisted by lawyers Giulia Santamaria and Marco Mereto.
The certification report was provided by Dr. Franco Carlo Papa, with the support of Dr. Luca Sala and Dr. Mattia Garotta from Studio Papa Professionisti d’Impresa.
The liquidation value assessment was jointly prepared by Prof. Alessandro Danovi and Dr. Daniele Giuffrida, equity partner and partner, respectively, at Studio Danovi Professionisti Associati. Lawyer Stefano Dalla Verità and Drs. Silvio Facco and Stefano Zanardi were appointed as judicial commissioners by the Court of Bologna.