Acquisition Supports Company’s Continued Expansion into Key Vertical Markets
MILAN, ITALY – May 24, 2019 – One Equity Partners (“OEP“), a leading middle market private equity firm, today announced that its portfolio company Lutech Group (“Lutech” or “the Company”) has completed the acquisition of DISC S.p.A., a leading systems integration and software development business. Financial terms of the private transaction were not disclosed.
Headquartered in Bergamo, Italy, DISC provides IT services to leading companies in the industrial and banking industries, as well as the public administration sector. Founded in 1984, the business has a workforce of more than 160 employees who provide consulting and software services that help to reduce operating costs, drive business productivity, manage enterprise security and improve the management of IT systems.
“We are excited about the opportunities to leverage the strengths of the DISC brand to expand our next-generation technology infrastructure, value-added reselling services and industry solutions geographically and vertically into the attractive financial services and industrials sectors,” said Tullio Pirovano, Chief Executive Officer of Lutech. “This acquisition will strengthen our ability to cross sell managed services and solutions to DISC’s customers, while unlocking additional value as we embark on the next chapter of our growth.”
Lutech is a leading mid-sized IT services business, serving medium and large private-and public-sector clients across Italy, Germany, and France. Since OEP acquired it in July 2017, the Company has completed 12 add-on acquisitions of highly complementary businesses that have made it one of the fastest-growing providers of end-to-end managed IT services in Western Europe.
“Lutech’s latest acquisition is perfectly aligned with OEP’s long-time focus on transforming middle market businesses into leaders through strategic transactions,” said Joerg Zirener, Senior Managing Director at OEP. “DISC CEO Gianroberto Donadelli and his team have built an exceptional company that’s well positioned to support the increasing need for robust systems integration and implementation services.”
Lutech is a leading Italian IT system integration and solutions provider, designing and enabling digital transformation and innovative enterprise technologies for private and public-sector clients. Among the leading IT system integration and solutions providers in Italy, Lutech is able to deliver a wide span of solutions from strategy definition, product licensing and maintenance, to operational management. The company is recognized for its capabilities in the following domains: next generation IT infrastructure, cloud solutions, customer engagement solutions, credit, and ePayment solutions, cybersecurity, IoT & Big Data, eHealth solutions, and cognitive computing. For more information, please visit https://lutech.group/.
About One Equity Partners
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.
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