(Alliance News) – STAR7 Spa on Saturday signed a lease agreement for the business unit comprising Consulting Automotive Aerospace Railway Spa, based in Turin, Italy, rights similar to rights in rem to foreign subsidiaries in Brazil and Serbia, and a second lease agreement for the business unit of STI srl, based in Bolzano, Italy, a subsidiary of CAAR Spa.
Also included in the contracts, effective Jan. 1, 2023, are contracts related to customer projects and the employment contracts of some 320 employees, the vast majority of whom are engineers.
The CAAR Group is controlled by Francesco Ellena, who founded it in 2009. Leveraging a solid know-how in the automotive field, STAR7 explains in a statement, the group has over time successfully …
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