One Equity Partners Europe GmbH
One Equity Partners Europe GmbH: One Equity Partners acquires Lutech, a leading Italian IT system integration and solutions provider
DGAP-News: One Equity Partners Europe GmbH / Key word(s): Private Equity/Takeover One Equity Partners acquires Lutech, a leading Italian IT system integration and solutions provider Business to Grow through Italian Market Consolidation and FRANKFURT/COLOGNO M.SE- July 27th, 2017 – One Equity Partners (“OEP”), a middle-market private equity firm, has entered into agreements to acquire Lutech S.p.A. (Lutech) from Laserline, the majority shareholder, and 16 other minority shareholders. The transaction was closed today. The terms of the agreements were not disclosed. Lutech is a leading mid-sized IT system integration and solutions provider to medium and large Italian private and public-sector clients, with a diversified offering across vertical markets and business models: system integration, proprietary vertical market solutions and next generation IT infrastructure. The company’s software product and associated solutions include innovative technology areas such as fintech, IoT, eHealth and cybersecurity. Over the past four years, through a combination of organic and inorganic growth, Lutech revenues increased in excess of 100%. The company is well positioned to further grow in Italy, Europe’s fourth largest IT solutions market. Moreover, Lutech also has recently expanded within other major Western European markets such as Germany and France, offering excellent opportunities for international growth. “We look forward to working together with our new shareholder OEP to back our future development. Over the past four years we have grown Lutech significantly. We are now ready to take the company to the next level with further consolidation within as well as outside the Italian market, to further support and add value to our customers.” said Tullio Pirovano, CEO of Lutech. “Together with management, we will apply the experience from our successful investment in one of the leading Italian IT service providers and continue to expand Lutech’s product and service offering for the benefit of its customers and employees” said Dr. Jörg Zirener, Managing Director at OEP. “With its strong technological base and excellent customer relationships, Lutech is poised to take advantage of opportunities in its home market, as well as the growing need for IT expertise throughout Western Europe. # # #
About One Equity Partners About Lutech # # # Press contact for One Equity Partners: Press contact for Lutech:
27.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |