One Equity-backed Lutech buys Sinergy

The bolt-on comes three months after Lutech's acquisition by the mid-cap private equity fund manager One Equity Partners. Financial details surrounding the transaction remain undisclosed.

Following the acquisition, Lutech aims to enhance its position across the Italian market.

Previous funding
In June 2014, Hat Orizzonte (formerly known as Orizzonte) structured a €7.5m round of growth capital funding for Lutech via its ICT Fund, acquiring a minority stake in the business. In July 2017, the GP sold its stake to holding company Laserline.

More recently, One Equity acquired a controlling stake in the business in July 2017 via its One Equity Partners VI fund.

Company
Based in Segrate, near Milan, Sinergy provides IT system integration focusing on data centres, and provides services for the design, development and management of IT infrastructure.

Founded in 1994, the business generated €65m in revenues in 2016 and employs 130 people.

People
One Equity Partners – Jörg Zirener (managing director).
Lutech – Tullio Pirovano (CEO).
Sinergy – Andrea Navalesi (CEO).

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• Topics
• Portfolio management
• Technology
• Southern Europe
• Build-up
• Italy