- Lutech is an IT services, software and technology company
- Atos Italia provides cybersecurity, cloud and high performance computing services
- Apax Funds acquired Lutech in 2021
Apax Partners announced its portfolio company, Lutech, has entered exclusive negotiations with Atos Group to acquire Atos Italia.
Headquartered in Milan, Atos Italia operates across six diversified verticals and helps “major” Italian companies with digital transformation. The company has approximately 1,600 employees in over five sites across the country.
According to Apax, the combination of the companies will aid increased scale, strengthen Milan-based Lutech and Atos Italia’s offering by adding complementary expertise, while also bolstering their presence in strategic sectors.
“We are proud to partner with Lutech in this transaction,” said Gabriele Cipparrone, partner at Apax. “When the Apax Funds first invested in Lutech we saw the opportunity to consolidate the Italian IT services market, and this transaction is a crucial step in that process. By combining the complementary scale, expertise, and capabilities of Lutech and Atos Italia into one group, we are creating a leading provider in the market that can offer an even wider suite of products and services to clients across a more diversified set of sectors.”
Apax is a London-headquartered, global private equity firm. It invests in the technology, services, healthcare and internet/consumer sectors.