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Announced

Completed

Sesa-backed Var Group completed the acquisition of Albalog.

Financials

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

Tags

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Software

Domestic

Private

Friendly

Acquisition

Majority

Italy

it software

Single Bidder

Completed

Synopsis

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Sesa-backed Var Group, an Italian Group in the field of value-added IT solutions for business segment, completed the acquisition of Albalog, an operator in the sector of development and offer of software, IT applications and integrated systems for the SME segment. Financial terms were not disclosed. "We strengthen our ability to support Italian companies in a crucial phase of the digital evolution of companies and we welcome the Albalog team that enriches us with new skills and specializations," Francesca Moriani, Var Group CEO.

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