ICG-backed DGS completed the acquisition of AI Gen from Xenon Private Equity.

ICG-backed DGS, an Italian IT services company specializing in digital transformation and cybersecurity, completed the acquisition of AI Gen, a technology group focused on artificial intelligence and marketing technology, from Xenon Private Equity, a private equity fund. Financial terms were not disclosed. “We are very happy to announce this new transaction, perfectly in line with DGS’s growth strategy and our desire to always be at the frontier of innovation,” Vincenzo Fiengo, DGS Co-CEO.