Athossolutions specialist for digital transformationentered into exclusive negotiations with Lutech, an Italian player in IT services and solutions, for the sale of its Italian operations. Lutech is owned by Apax Partners Llpwhich will combine the two companies to create a new leading player in Italy.
The strategic value of the operation
Atos Italia, which operates in six verticals and supports some of the main Italian companies with services and solutions in the ICT sector, has built – reads a note – a solid reality with an excellent reputation, strong leadership, and with a total of approximately 1,600 employees based in five offices in the national territory. With this transaction, the Atos Group aims to offer the Italian subsidiary the opportunity to continue to grow, develop and diversify within an enlarged entity.
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The funds apax on the other hand they have a deep knowledge of the IT services sector, having led over 20 investments in this areaand the Italian market, having owned, among others, Engineeringone of the main Italian IT service providers.
Lutech was founded in 2001 and acquired by Apax funds in 2021. The company has strong experience in IT solutions, covering digital, cloud, cyber security, managed services and proprietary software, with over three thousand professionals driving the digital evolution of large customers and SMEs in the public and private sector, in Italy and abroad.
The skills and competences of Atos Italia are highly complementary to those of Lutech: the new player will drive growth in Italy and will continue to collaborate with the Atos group in global operations.
The perimeter of the operation represents approx 2% of the total turnover of the Atos Group in 2021and does not include the contract EuroHpc which will remain at the group and the activities of Unified Communications & Collaboration. The transaction is subject to government consultation and other regulatory approvals and is expected to close in the first half of 2023.
The integration of skills across the three companies
“This transaction will create a new leading company to power the country’s digital growth and support our customers,” he says Giuseppe Di Franco, President and Chief Executive Officer of Atos Italia. “The entire management team is very proud to announce that today another step has been taken in the consolidation of the Italian digital market. The new company will benefit from an extended partnership with the Atos Group to manage global clients in Italy and abroad. We will be able to use the combined expertise of Atos Italia and Lutech, and our complementarity will allow us to better serve companies in their digital transformation journey.”
Gabriele Cipparrone, Partner of Apax, adds: “We are proud to partner with Lutech in this operation. As part of the investment by the Apax Funds in 2021, an opportunity to consolidate the Italian ICT market had been identified, and this transaction is a key step in this direction. Combining the size and complementary skills of Lutech and Atos Italia in a single group, this operation will create a leading supplier in the market, able to offer an even wider range of products and services to its customers. We are excited to partner with both teams to execute ambitious growth plans.”
Tullio Pirovano, CEO of the Lutech Group, he comments: “It is an announcement that brings together two important players in the Italian IT market”, he declared “Today’s news is a fundamental step in achieving the goal, in partnership with the Apax Funds, of building a company Italian leader in digital transformation. This operation involves two cutting-edge companies, combining complementary skills and consolidating our leadership position as an end-to-end player in the digital market.”
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Atos sells the Italian activities: exclusive negotiation with Lutech
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