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New Deal


Announced

Completed

Var Group completed the acquisition of a 51% stake in Industrial Cyber Security.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Italy

Single Bidder

Acquisition

Domestic

Majority

Private

Friendly

Completed

cybersecurity

Digital Services

Synopsis

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Var Group, an IT Service provider, completed the acquisition of a 51% stake in Industrial Cyber Security, a company specializing in cybersecurity services. Financial terms were not disclosed. “We are pleased to be able to welcome Ics within our Digital Security business unit, in the Var Group ecosystem. We believe in talent and entrepreneurship and we are pleased to be able to offer our customers an increasingly wide and widespread offer, cutting-edge technologies, qualified personnel and the possibility of being followed everywhere not only by competent resources, but by a management able to explore new forms of entrepreneurship in markets that are still understaffed,” Francesca Moriani, Var Group CEO.

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