Specifically, on April 15, 2026, Invitalia approved the proposed Development Agreement, authorizing the granting of financial assistance in the form of a non-repayable grant totaling up to €9,414,923.00 for the implementation of an Industrial Investment Project located in the Regione Campania.
The investment program includes eligible expenses totaling approximately €23.5 million, of which approximately €17.7 million had already been incurred and paid by March 2026. These investments include, among other things, the purchase of an industrial warehouse located in the City of Naples, renovation and development of new areas dedicated to equipment management and specialized laboratories, as well as the acquisition of strategic technological assets aimed at strengthening and expanding NextGeo’s presence in international markets.
Among the strategic assets already acquired and currently used in geophysical and geotechnical survey projects, the following are worth noting, by way of example: the remotely operated vehicle (WROV) Shilling HD, capable of operating at depths of up to 4,000 meters, as well as advanced instrumentation for deep-ocean applications, such as multibeam sonar and sub-bottom profilers, current meters, parametric probes, and advanced sensors, used in seabed characterization and environmental monitoring campaigns, including those with a specific scientific and research focus.
The “CDS001450” Industrial Investment Project is expected to be completed by December 31, 2028. The grant will be disbursed in several installments beginning in fiscal year 2026, in accordance with the procedures and timeline set forth in the grant award decision.
Giuseppe Maffia, CFO of Next Geosolutions Group, stated: “We are very pleased with this result, which further confirms the soundness of our strategy and the validity of the investments we are making. The program, managed by Invitalia, enables us to strengthen and expand our production capabilities through advanced infrastructure and technological assets, while consolidating NextGeo’s position in international markets. This is an important step in a broader strategy focused on innovation and the development of distinctive capabilities, particularly in deep-ocean activities and services with a high scientific content. We will continue with determination to implement our growth plan, with the goal of creating sustainable value over time, while strengthening our contribution to the industrial development of the region and the country.”
Through the “Development Contract,” Invitalia supports large-scale investments in the industrial, agro-industrial, tourism, and environmental protection sectors. The minimum investment required is €20 million, which is reduced to €7.5 million for agricultural product processing projects and for tourism projects located in inland areas of the country, or those involving the restoration of abandoned structures.
