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New Deal


Announced

Sesa-backed Var Group to acquire YoctoIT.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Domestic

Single Bidder

Italy

Private

Acquisition

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Software

Pending

software company

Majority

Synopsis

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Sesa-backed Var Group, an Italian Group in the field of value-added IT solutions for business segment, agreed to acquire YoctoIT, a software company. Financial terms were not disclosed. "We continue to invest in skills to support companies and organizations at such a crucial moment in their evolution. The excellence of technological infrastructures is fundamental to enable the digital transformation of companies and, thanks to YoctoIT's expertise in value services, integrated to those in the Cloud, AI and Security area, we strengthen our role as a reference operator in the offer of IT solutions for SME & Enterprises," Francesca Moriani, Var Group CEO.

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