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Renovo Capital completed the acquisition of Informatics from Datalogic for $34m.

Synopsis

Renovo Capital, a private equity firm, completed the acquisition of Informatics, a company actively engaged in the marketing and distribution of software products and solutions tailored for small and medium-sized companies, from Datalogic, a world-class producer of bar code readers, mobile computers, sensors, vision and laser marking systems, for $34m. "We are delighted to have successfully completed the disposal of Informatics, a company that became part of our Group back in 2005 and has consistently operated in a distinct business sphere from Datalogic. With the disposal of Informatics, Datalogic is now a Group fully dedicated to pursuing a growth strategy in its core business of automatic identification and industrial automation, along with the development of high-value-added solutions within this field. The proceeds from the transaction provide the Group with additional financial resources to support growth, both organically and through M&A. We extend our gratitude to the Management and employees of Informatics for their dedication during their years with the Datalogic Group and for their contributions to the success of the transaction. We are confident that the new shareholder will fully capitalize on the company's long-term growth potential and its people,” Valentina Volta, Datalogic CEO.

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