Lutech, agreement for the acquisition of the Eustema Group

Takeover bid Reevo provisional results bidder for 989 of the

(Finance) – Lutecha leading company for the digital transformation of companies and institutions, supported by Apax Funds, has achieved a agreement for the acquisition of Eustema and its subsidiary SoftJam, both recognized for their excellence in the IT industry. The founder and main shareholder Enrico Luciani will reinvest part of the proceeds of the sale in Lutech. Financial details of the deal were not disclosed.

“Together with Eustema and SoftJam, the Lutech Group again accelerates growth and its path as a leader in digital transformation in Italy – states Tullio PirovanoExecutive Chairman of the Lutech Group – Together we share the same vision of innovation, dictated by consolidated skills in fields such as AI and Cybersecurity, and by an ambitious research and development program in innovative areas such as Big Data, BlockChain, Smart Cities and Agritech that will allow accelerate the common commitment to drive the digital transformation of the Public Administration“.

tlb-finance