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One Equity Partners acquires Lutech

Private equity firm One Equity Partners (OEP) has acquired Lutech from Laserline, the majority shareholder, and 16 other minority shareholders. Terms of the transaction have not been disclosed.

Lutech is a mid-sized IT system integration and solutions provider to medium and large Italian private and public-sector clients, with a diversified offering across vertical markets and business models: system integration, proprietary vertical market solutions and next generation IT infrastructure. The company’s software product and associated solutions include innovative technology areas such as fintech, IoT, eHealth and cybersecurity.
 
Over the past four years, through a combination of organic and inorganic growth, Lutech revenues increased in excess of 100%. The company is well positioned to further grow in Italy, Europe’s fourth largest IT solutions market. Moreover, Lutech also has recently expanded within other major Western European markets such as Germany and France, offering excellent opportunities for international growth.
 
“We look forward to working together with our new shareholder OEP to back our future development. Over the past four years we have grown Lutech significantly. We are now ready to take the company to the next level with further consolidation within as well as outside the Italian market, to further support and add value to our customers.” says Tullio Pirovano, CEO of Lutech.
 
“Together with management, we will apply the experience from our successful investment in one of the leading Italian IT service providers and continue to expand Lutech’s product and service offering for the benefit of its customers and employees,” says Dr Jörg Zirener, Managing Director at OEP. “With its strong technological base and excellent customer relationships, Lutech is poised to take advantage of opportunities in its home market, as well as the growing need for IT expertise throughout Western Europe.

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