Sesa, subsidiary sign agreement to acquire 75 percent of ATS

(Alliance News) - Sesa Spa announced Wednesday that it has signed through its subsidiary Base Digitale Group, active in the business services sector, a binding agreement to acquire 75 percent of the capital of ATS Advanced Technology Solutions Spa, "thus strengthening its expertise in the development of digital platforms and IT consulting for the financial services segment," the company's statement said.

ATS, based in Milan and employing about 115 human resources, is a company specializing in the development of Front and Middle software solutions and digital platforms for the Financial Services industry with leading national and international clients, revenues in the year 2024 of about EUR14 million and an Ebitda margin of about 10 percent.

The company provides modular integrable technology solutions and platforms, available in Cloud, in the area of Capital Market, NPL and other Enterprise Solutions, which enable the digitization and modernization of information systems while ensuring and enhancing their security.

ATS has been investing for years in Artificial Intelligence solutions integrated into its platforms to serve financial market and quantitative trading traders for the definition of customized strategies and the use of statistical algorithms to support investment decisions and their execution.

"ATS's solutions," the statement reads, "will be integrated as part of the digital platform offerings of Base Digitale Group, a 90 percent subsidiary of Sesa and established in 2020 together with managing partners Leonardo and Marco Bassilichi, with expected revenues in the year to April 30, 2024 of about EUR120 million and more than 800 specialized human resources and targets for further growth, thanks also to recent operations of aggregation of skills, applications and platforms.

"The Sesa group thus continues to fuel its growth path, both in terms of resources and digital skills, through bolt-on industrial M&A in sectors of strategic importance for its development and with a policy of sustainable value generation for stakeholders," the note concludes.

Sesa's stock advances 0.3 percent to EUR106.60 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to [e-mail]

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.