Sesa-backed Var Group completed the acquisition of Albasoft.

Sesa-backed Var Group, an Italian digital transformation company, completed the acquisition of 20% stake in Albasoft, an information technology and software company. Financial terms were not disclosed. “We are proud to join the Var Group organization and the Sesa Group and to embark on a joint growth path that enhances our distinctive skills and solutions in financial management and corporate treasury. This collaboration will enable us to accelerate the development of our solutions by integrating them into a broader and more structured industrial context, while simultaneously strengthening our ability to innovate and respond to the needs of a constantly evolving market”, Francesco Rudello, Albasoft founder.