Selet Sensor's restructuring plan approved by the Court of Turin
Posted on Sep 1, 2025
On 23 July 2025, the Court of Turin approved, pursuant to Article 112 of the Italian Business Crisis and Insolvency Code (CCII), the composition with creditors (concordato preventivo) filed by Selet Sensor S.r.l., a company specialized in the design, production and marketing of electronic products and software development.
The restructuring proposal, filed on 5 August 2024, included, among other measures, the transfer of the company’s business operations — a transaction that was finalized on 14 November 2024 with the sale to Senstronic Italy S.r.l. This ensured the preservation of jobs and the integration of the business into a new international context.
The proposal, which the Court recognized as offering better recovery prospects for creditors, received broad support. The plan provides for payments to creditors within 60 days from the date of the court’s approval, as all assets have already been liquidated.
Selet Sensor S.r.l. was assisted by international law firm Gianni & Origoni, with a team composed of partners Luca Jeantet and Paola Vallino, counsel Riccardo Sirito, and associate Irene Gobbo for corporate and restructuring matters, as well as partner Emanuele Panattoni and counsel Romina Diciolla for employment law matters.
PvG Consulting acted as financial advisor on the transaction with a team composed of Dr. Alessandra Gittone and Dr. Pietro Paolo Papaleo. The court-appointed independent expert (attestatore) was Dr. Luca Poma of Turin.
