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Announced

Completed

Sesa-backed Var Group completed the acquisition of a 55% stake in Sangalli Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

audio products

Italy

lighting products

Electronic Components and Equipment

Acquisition

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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Sesa-backed Var Group, a provider of added-value IT services, completed the acquisition of a 55% stake in Sangalli Technologies, a specialist in the design and offer of digital solutions workspace, collaboration and integration of multimedia systems. Financial terms were not disclosed. “We are very pleased to become part of the Var Group and the Sesa Group, with the aim of accelerating the growth of our skills for the benefit of customers, whom we have supported for years in their development journey digital transformation and evolution of organizational and collaboration models," Dario Sangalli, Sangalli Founder and Managing Partner.

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