Sesa-backed Var Group to acquire a majority stake in Amaeco.

Sesa-backed Var Group, an IT services company, agreed to acquire a majority stake in Amaeco, an energy and eco-sustainability performance monitoring systems provider. Financial terms were not disclosed. “The majority stake acquisition of Amaeco, after about 12 months of industrial partnership, allows us to further strengthen the offering of energy saving consultancy and solutions for the enterprise market, supporting the strong and growing digital technologies demand for the energy efficiency and sustainability of the Made in Italy companies,” Francesca Moriani, Var Group CEO.