GreenShare joins Flosslab: Net Service Group strengthens its presence in Sardinia and reinforces a model of local development

CAGLIARI - Flosslab, a Sardinian ICT company controlled by Net Service Group (NSG), completed on 6 March its acquisition of a stake in GreenShare, a company also rooted in the local ecosystem. Born from university research, GreenShare is today active in the development of digital solutions for sustainable mobility, with clients across the national territory.

The operation was officially presented today in Cagliari at a press conference that highlighted not only the industrial value of the acquisition, but also its significance for the region: a journey that originates in Sardinia, enhances local entrepreneurial expertise, and strengthens a regional innovation ecosystem capable of competing at national scale.

With GreenShare's entry into Flosslab, Net Service Group further consolidates its presence on the island, exceeding €5 million in annual revenue and 50 employees, with a growth trajectory targeting €6 million in revenue and over 60 people by 2027.

What makes this acquisition distinctive is the parent group's deliberate choice not to intervene directly, but to support a process that leverages two locally rooted companies, their expertise, and the role of the managers involved as shareholders. In this framework of continuity and reinforcement, Giuseppe Colistra retains the role of CEO of GreenShare, Chicco Porcu, already President of Flosslab, assumes the presidency of the combined entity, while Daniele Sanna, previously COO of Flosslab, joins the new Board of Directors as a Director.

The transaction involved the initial acquisition of 51% of GreenShare by Flosslab, with a call option for 100% of the shares exercisable under certain conditions.

During the meeting, the strong synergies between the two companies also emerged: both born as spin-offs of the University of Cagliari, both having grown through research and development activities, and both active in enabling technologies – from artificial intelligence to blockchain, from IoT to Big Data. The integration of teams and expertise strengthens the capacity to serve markets in local public administration, local public transport, and more broadly, smart city development.

"This operation fully reflects Net Service Group's vision of growth: building a network of specialised companies capable of collaborating synergistically and generating greater value for clients and for the territories," comments Gianluca Ortolani, CEO of Net Service Group.

"The entry of GreenShare, following that of Oikos Area in late 2025, further strengthens the Group's multidisciplinary profile and broadens our capacity to support public and private organisations in their digital transition journeys. Sardinia, in this strategy, represents for us a territory rich in talent, vision and potential."

"This acquisition has paradigmatic value, because it demonstrates that operations capable of generating development from local energies can be born and grow in Sardinia," declares Chicco Porcu, President of Flosslab and GreenShare. "We wanted to build a path that strengthens the Group's presence on the island and, at the same time, places the growth of a local innovation ecosystem at its centre. In a region that has historically distinguished itself for its pioneering spirit in digital, this operation fits into a broader perspective: helping to make innovation a concrete lever for competitiveness, attractiveness and development for Sardinia."

"For our company, this operation represents an important acceleration," states Giuseppe Colistra, CEO of GreenShare. "Entering, through Flosslab, a Group like Net Service means being able to count on greater industrial synergies, better economies of scale, and greater opportunities to evolve our solutions. We maintain our identity and our specialisation in smart mobility, but with a strengthened capacity to address broader markets and increasingly challenging, solid and integrated projects for our clients."

The operation was supported by Big Partners – with a team led by Senior Partner Maurizio Baldassarini – as Advisor, by Studio Legale Eruzzi for legal matters, and by Banco di Sardegna – BPER as Banking Partner.

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