Published by
Reuters UK
Reuters UK
MILAN (Reuters) -Italy’s Civitanavi Systems plans to list on Euronext Milan stock market in order to increase production capacity and improve product innovation, the inertial navigation and stabilisation system company said on Wednesday. Born as a start-up in 2012, Civitanavi Systems aims to raise around 40 million euros ($45.33 million) from new shares issued as part of the offering, a private placement that will include also the sale of existing shares. The company makes systems that serve to track the position, speed and acceleration of objects, such as ships, aircraft, missiles and spacecr…