Merger between REF Ricerche and Agenia: target revenue of 7 million in 2025

REF Srl is born, a company that integrates the activities of REF Ricerche and Agenia, with the declared ambition of becoming the leading national operator in consulting and analysis services in regulated sectors. The new reality starts with a staff of over 50 employees and estimates to exceed EUR 7 million in revenues in 2025, thanks to the sum of the consolidated balance sheets of the two structures and a targeted positioning in markets characterised by strong growth and infrastructure investments.

The merger allows REF to broaden its range of services, supporting companies, public institutions and investors with an offering ranging from tariff and industry consulting to public policy assessment and advising on sustainability and energy transition.

Agenia's contribution comes from a track record of completed financial operations worth more than EUR 3.5 billion, mainly in support of projects in the water and environmental sectors. REF Ricerche, on the other hand, brings as its dowry its qualification as an independent body by Eurostat and the institutional recognition linked to its collaboration with the Parliamentary Budget Office for the validation of the official macroeconomic framework.

At the strategic level, the new entity aims to exploit the integration of the Milan, Rome and Bologna offices to extend territorial coverage and look to international markets. Consolidated assets such as the REF Congiuntura periodical, now in its 32nd edition, and the Laboratory, which has already produced over 300 position papers on public services, infrastructure and finance, remain to strengthen its external projection.

"The merger will lead to the integration of services and the enrichment of competences in key areas such as regulation, finance and sustainability," comments the president of REF, Gilberto Turati, professor of Finance Science at the Università Cattolica.