Lutech acquires CST Tech

Another step for Lutech Group which last May 22 completed the acquisition of the majority of the share capital of CST Tech Srl, a company operating in IT services and solutions for the financial services market since 1990. The Group has therefore increased its workforce, comprising more than 1600 individuals working in 12 companies.
 
CST Tech is a leading Italian company in regulatory compliance solutions and specializes in the financial, banking and insurance sectors.

“CST enriches the Group’s offer in the area of Financial Services, states Tullio Pirovano, CEO of the Lutech Group, which already has a wide range of products and expertise to effectively tackle the challenge of digitizing banking, financial and insurance systems.

CST contributes to this objective with the substantial specialization of its products in relation to regulatory and tax compliance. A strategic element that brings to our Group a wealth of knowledge and skills represented by CST’s professionals, who I welcome on behalf of the whole Lutech Group.”