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Lutech Group announces the merger of Disc and consolidates its presence in Finance & Insurance
The operation is a further step in the process of consolidating the group structure
Lutech Group, Italian leader in ICT services and solutions, has completed the merger by acquisition of Disc, a company acquired in 2019, into the head company Lutech, within the scope of the growth and development plan for the LutechDigital platform.
The operation is a further building block in the process of consolidation of the Group’s structure, agreed with its new shareholder, Apax Partners. Fitting perfectly into the development strategy outlined in the last few years, the activity represents a fundamental step in the growth plan, with the goal of confirming Lutech Group as one of the top Italian ICT companies and as a player with an increasing presence at a European level.
“Thanks to the Disc merger,” confirms Tullio Pirovano, Lutech Group CEO, “we will become more agile and more structured, maintaining and strengthening the highest level of expertise in the Application Management field, with ERP and CRM services and vertical solutions for the Finance & Insurance market, as well as reinforcing the technological expertise we have built up thanks to Disc’s thirty years of experience in the IT sector."
Since 2019, Disc has brought its expertise in IT systems design and integration – in particular in the Private Cloud & in Outsourcing – as well as extending Lutech Group’s offering in application solutions and services for the Finance & Insurance market. The merger operation will allow Lutech Group to offer an ever-more extensive portfolio, achieve greater operational capacity and a wider range of design solutions and references to make available for its clients’ business requirements.
With the merger by incorporation of Disc into Lutech Group, we will achieve a level of integration involving all corporate processes. It will be an extensive and complex job which all Group employees will be responsible for, as they act as fully fledged ambassadors of this key milestone in the new strategic direction.
“The merger into Lutech Group,” states Roberto Donadelli, CEO of Disc, “is confirmation of a winning business association which began in 2019 and which immediately began to bear fruit. With this last formal step, Lutech Group presents itself to the market with further strengthened infrastructure, offerings and expertise, above all in markets such as Finance and Insurance, which are currently particularly involved in digital transformation.”
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