One Equity Partners (OEP), a private equity company operating in the medium-sized enterprise market, has signed an agreement to acquire Lutech S.p.A. (Lutech) from Laserline, majority shareholder, and from other 16 minority shareholders. The transaction, the terms of which were not disclosed, were completed today.
“We are ready to collaborate with our new shareholder, OEP, to give new impetus to our development plans. In the past four years, Lutech has achieved significant growth and we are now ready to address new challenges, to consolidate our market share, both in Italy and abroad, and provide even greater support and added value to our Customers”, states Tullio Pirovano, CEO of Lutech.
“Together with management, we will put our experience gained to good use through our excellent investment in one of the main Italian IT service providers and we will continue to increase the company's product and service offerings, to the benefit of its customers and employees”, comments Jörg Zirener, Managing Director of OEP. “With its solid technological base and excellent relationships with customers, Lutech is ideally positioned to seize the opportunities offered by the internal market and to respond to the growing demand for IT skills in Western Europe”.
Lutech is moving towards growth based on consolidation of the Italian market and expansion into new western European countries.
A special thanks is extended to the outgoing chairman Enrico Magni for guiding us over the past years.