Sesa has signed three binding agreements through the subsidiary Base Digitale S.p.A., active in the business services sector, to purchase 63.1% of MFI Infomaster S.p.A, 60% of Digital Storm S.r.
The three companies will contribute to the development of the Sesa Group with a team of 120 specialized resources, annual revenues of about 15 million euros, with an Ebitda margin of more than 20% and an EAT Margin of more than 10%.
Acquisitions accelerate the Group’s business service strategy by developing the offering of digital platforms and Enterprise Information Management solutions.
Operations are part of an acceleration of digital transformation demand, which is increasingly pervasive in all economic sectors.
MFIs, with headquarters in Genoa and a team of 80 resources, generate annual revenues of about 9 million euros, an Ebitda equal to approximately 2,0 million euros and a net profit equal to approximately 0,7 million euros. As of December 31, 2020, the Net Financial Position was active for approximately €0.6 million. MFI is a reference operator in digital technologies, with a proprietary Contact Management platform, offered to customers in cloud and pay-per-use mode and integrated with artificial intelligence solutions. The company has a strong specialisation in the telecommunications, finance and outsourcing segments.
Digital Storm, based in Milan and a team of about 25 resources, generates annual revenues of approximately 4.2 million euros, an Ebitda of about 1.3 million euros and a net profit of about 0.9 million euros. As of December 31, 2020, the Net Financial Position was active for approximately €0.2 million. Digital Storm specializes in digitalization solutions for document management, business information and electronic invoicing, including Document Process Management and Enterprise Information Management, integrating OCR Abbyy and CCM (Estream/StreamServe) technologies The company specializes in finance and utilities segments.
Tecnikè, based in Arezzo and a team of 15 resources, generates annual revenues of about 1 million euros, an Ebitda of about 0,2 million euros and a net profit of about 0,1 million euros. As of December 31, 2020, the Net Financial Position was essentially nothing. The company is active in developing digital platforms on Cloud platform for the fintech and insurtech sectors.
To support this step that concerns the industrial development of the Business Services sector, Sesa has signed a capital increase of approximately 6 million euros, increasing the participation in Digital Base from approximately 60% to 71%.
The transactions were carried out on the basis of prices in line with the benchmark parameters EV/Ebitda (5x) generally applied by the Sesa Group and with the long-term involvement of key figures, which will maintain minority participation quotas and top management roles; among them
Key people will have shared long-term goals of sustainable growth, which have always distinguished the industrial strategy of the Sesa Group and its M&A policy.