The acquisition of the Lutech Group by the Apax Fund was completed. Ceo Tullio Pirovano: we will become one of the most important European players. Transfer of the main office to Cinisello Balsamo.

Apax, the primary private equity fund with approximately $60 billion in investments in the Tech, Services, Healthcare and Internet/Consumer sectors, has taken over the share of One Equity Partners in the Lutech Group, reaching 100% of the share ownership.

Following the agreement, Tullio Pirovano, Ceo of the Lutech Group stated in a note that \ It is common intention to continue expansion in key and value factors such as digital services, including big data, artificial

According to Pirovano ›Thanks to the support of Apax, we are able to assume the achievement of a billion euros of revenues, an objective that would place us in full title Using a sport metaphor from today we are playing in a higher level championship, more complex and more challenging, that we will face with the passion and professionalism of all our 2,600 employees.

In the near future, the Lutech Group looks with particular interest at the National Recovery and Resilience Plan (Pnr) launched by the Government, considering it not only as a huge economic opportunity, but also as a concrete possibility to play a role as protagonists in the restart

The future strategy of the Lutech Group includes, in addition to robust organic growth, M&A operations aimed at strengthening the already extensive presence in 6 sectors (finance and insurance, PA, telco & media, energy & utilities, manufacturing,

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It is the intention of the group to develop local activities, such as Cagliari, a new location after BeeToBit’s merger, to expand its presence in Italy and in certain European regions.

In addition to the development of a technological offer always in line with the needs of the reference markets, the Lutech Group intends to amplify the contribution of its human capital, continuing in the search and acquisition of new talents also in South Italy, for example in Puglia,

The first concrete demonstration of the new course of the Lutech Group is the decision to transfer the headquarters from Cologno Monzese to Cinisello Balsamo (Milan) within the area that already hosts the Service Operations Center and the Next Gen Security

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