Lutech is taken over by the funds managed by Apax, a major company
Global Private Equity, specializing in investments in the Tech, Services,
Healthcare and Internet / Consumer. The Apax funds succeed One Equity Partners, which
had acquired Lutech in 2017 and accompanied the group on a successful path
which saw over 15 acquisitions and nearly tripled EBITDA in four years.
The value of the transaction would be around 500 million euros. Advisors were Nomura and Raymond James.
We present Lutech
Founded in 2001, Lutech is one of the leading Italian suppliers of IT services and solutions, at the head of a group that employs over 2600 professionals who drive the Digital Evolution of large customers and SMEs in the public and private sector, in Italy and abroad. with specific skills in 9 vertical sectors, including energy and utilities, fashion, financial services, healthcare, manufacturing, media, public sector, retail and telco.
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Lutech is able to provide a wide range of solutions including the definition of the digital strategy for the innovation of business technologies, proprietary software products, system integration and the offer of managed services for security, network and cloud. The company is also recognized for its skills in digital customer engagement, next-gen IT infrastructure, cloud transformation, along with solutions for financial services, cyber security, IoT, Big Data and eHealth.
With Apax to grow
The Apax funds, in collaboration with Lutech’s management team, will continue the company’s growth path, both organic and through acquisitions, focusing on the expansion of key value drivers, such as offering digital services, and at the same time accelerating the M&A strategy. Apax’s Tech team has in-depth knowledge of the IT services market as well as specific knowledge of the Italian market gained through previous investments.
“I am delighted that the Apax funds will invest in Lutech,” he said Tullio Pirovano, CEO of the Lutech Group. Over the years, Lutech has become a leading player in Italy with an authentic end-to-end offering to support the digital evolution of customers. Apax’s significant experience will be the strength to give new impetus to our ambitious growth plans. I take this opportunity to thank all the professionals of the Lutech group and in particular the management team for the tireless work carried out during these complex months, which today has allowed us to embark on this new path ».