Sesa-backed Base Digitale Group to acquire a majority stake in Euro Finance Systems.

Sesa-backed Base Digitale Group, a company deal with business process outsourcing and business process management for banks, insurance companies, agreed to acquire a majority stake in Euro Finance Systems, a company focused on Middle and Back Office software platforms development for the Finance. Financial terms were not disclosed. “We continue to develop specializations and to aggregate skills and innovative solutions to support the process digitalization of our customers, even the international ones. Since its establishment two years ago, Base Digitale Group has reached a size of 600 skilled resources, targeting revenues for about Eu 100m in the Full Year as of April 30, 2023 and further growth in coming Years. We confirm our ability to aggregate and develop digital skills through bolt-on industrial M&As in areas of strategic development, targeting long-term sustainable value generation for our stakeholders,” Alessandro Fabbroni, Sesa CEO.