H.I.G. Capital Acquires Italy Based Project Informatica to Expand in IT Industry.
MANews-(C)2009-2020
US-based private equity investment firm H.I.G. Capital's European affiliate has acquired a controlling stake in Italy based information technology provider Project Informatica S.r.l. to expand position in Italian IT industry, the company said.
Terms of the transaction were not disclosed.
Based in Stezzano (Bergamo), with revenues of more than EUR 130m (USD 147m) and 230 employees, Project Informatica leverages technologies and advanced capabilities to support its customers in the digital transformation of business processes. Its offering ranges from hardware and software solutions, to related IT services.
H.I.G. has extensive experience in the IT industry, with 30 transactions completed globally, and intends to support Project Informatica in the next phase of development, with the aim of capitalising on both organic and...
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