PCB Partners advises Apax Funds as Lutech finalised the acquisition of Atos Italia S.p.A, which simultaneously changed its name and brand, becoming Lutech Advanced Solutions S.p.A.

The acquisition of Lutech Advanced Solutions makes it possible to strengthen the Group’s offering thanks to complementary skills in strategic sectors such as, for example, Energy and Telco & Media, and in technology areas such as Digital Twin, Hyper Automation, High Performance Computing, Workplace Management and Business Platform. The combination of skills and resources in the Lutech Group creates a new top player in the digital market in Italy, an innovation leader supporting the transformation and growth of companies and institutions.

“This transaction represents an important milestone in our growth strategy, and we are proud to have Lutech Advanced Solutions in our Group to build a more digital future for our country,” said Tullio Pirovano, Executive Chairman of Lutech Group and President of Lutech Advanced Solutions. “With Lutech Advanced Solutions, the Lutech Group becomes an even more complete reality able to offer a high-level digital offering, ready to seize the greatest opportunities of the digital transition of Italian and European companies and institutions.”

“We are excited about this new chapter in our history and about working together, creating the new top Italian player in digital services,” said Giuseppe Di Franco, Managing Director of Lutech Group and CEO of Lutech Advanced Solutions. “Lutech is a well- established and authoritative reality in the Italian digital landscape, and benefiting also from the extended partnership with Atos Group we are now able to serve companies even better in their digital transformation journey.”

Lutech and Apax Partners LLP were supported by several advisors, including Bain & Company (commercial advisor), Legance (legal advisor), PCB Partners (M&A advisor), and PWC (financial and tax advisor).

“Congratulations Ben on this deal. We can all be very proud of this deal that will set the scene in the digital market in Italy, creating a new powerful champion for the digital growth of my country” – CEO, Atos Italia