Enginium (GI Group) buys Info Solution’s technology consulting business
Enginium (Gi Group spa) is the first Italian multinational employment company, as well as one of the leading companies, worldwide, in services dedicated to the development of the labor market. Info Solution specializes in the production of complete embedded systems in their different parts: hardware, firmware, software, mechanics, production management and quality.
Enginium, an engineering and IT consultancy company controlled by the Italian multinational Gi Group, has bought the business branch concerning the technological consultancy activities of Info Solution, a company with 20 years of experience and deep-rooted competences in the aerospace and defense field.
Gi Group and Enginium were assisted by Pirola Corporate Finance as financial advisor, by Studio SZA as legal advisor, by Studio Pirola Pennuto Zei & Associati and Fidital for all the due diligence activities. Info Solution has been assisted by Refimi and Studio GreenbergTraurig SantaMaria as legal advisor.
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The company will focus on projects with high technological content
Info Solution that over the years has become a leading company in ICT consulting for the Aerospace and Defense, Telecommunications, Transportation, Energy, Medical and Industrial sectors, after the sale of the “Technology consulting” branch will focus on the development of products and projects with high technological content, in particular in the unmanned vehicles segment. The company is in fact specialized in the production of complete embedded systems in their different parts: hardware, firmware, software, mechanics, production management, and quality. Info Solution, through its headquarters in Milan and Rome designs, in collaboration with research institutions, universities, hospitals, innovative technological products for Autonomous Driving, Smart City, technologies for health (RFID tracking, Tele-Rehabilitation, Assisted Bed Mover).
Gi Group spa is the first Italian multinational employment company, as well as one of the leading companies, worldwide, in services dedicated to the development of the labor market. Thanks to direct presence and strategic partnerships, today the group is active in more than 50 countries in Europe, APAC, America and Africa with 500 branches and 4 thousand total employees. In 2019, Gi Group served more than 20 thousand companies with a turnover of $3.2 billion (€2.6 billion).
Enginium is an Italian company highly specialized in providing consulting and design services to companies in all sectors where skills with strong technological content are required. The company supports its partners in tech development by creating customized IT solutions such as hardware and software systems, IT and telematics services, IT systems, and networks.
With this operation Enginium takes an important step in its growth path, whose goal is to be recognized as one of the main Italian players in technology consulting (R&D and product development) in the industry world. Enginium know-how is based on a staff of about 300 highly specialized people.
Zoltan Daghero, CEO of Gi Group, commented: “This operation comes from the need to strengthen GI Group, and in particular Enginium, in the Aerospace & Defense sector. In Info Solution we met a company that shares our values and culture, with which we believe, also through the synergy with GI Group, we can create a highly specialized reality and become the leading Italian player in the field of technology consulting for the Industry world”. Mario Del Vecchio, CEO of Enginium, added: “With this acquisition we wanted to integrate the skills that the two companies have developed in different and complementary fields.”
Gaetano Moschetto, CEO of Info Solution, said: “With this operation, the company branch dedicated to technological consultancy finds a new relaunch in Enginium and GiGroup. We chose to sell to Enginium because of the affinity with Info Solution in the corporate culture and values, and for the solid and concrete potentialities of market development. The new strategic focus of Info Solution is always turned to innovation, in particular to the realization of new quality products, in the field of autonomous vehicles, smart metering for a rational use of energy resources and in the medical field, with technologies that facilitate the operation of automated processes for healthcare.”
(Featured image by PhotoMIX-Company via Pixabay)
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