Wise Equity-backed Innovery has acquired Italian system integrator NB Service for an undisclosed sum.
As a result of the transaction, the buyer will strengthen its expertise in the target’s markets and add new competencies to its internetworking and data centre operations.
Innovery will be also be better positioned to cover the North West regions in Italy, while gaining access to new customers mainly represented by blue-chip companies.
Headquartered in Turin, NB Service is a system integrator which provides cybersecurity, network and data communications services for large corporations.
Established in 1993, the group claims to have been one of the first firms to offer optical fibre networks to customers.
Paolo Gambarini, founding partner at Wise Equity, said: “Innovery keeps moving along its development journey through a new strategic acquisition that aims at making the group even more complete on a technologies and products standpoint.
“We believe Innovery has outstanding room for growth in Italy and abroad.”
Through the deal, NB Service will be able to speed up its entry into new markets and deploy its services to a broader range of domestic and international clients.
Innovery’s chief executive, Gianvittorio Abate, noted: “Sharing the respective know-how and experiences will enrich the whole group skills set and offering, thus resulting in an even more compelling value proposition for customers.”
Formed in 2001, the buyer provides information and communications technology services for companies across the finance, industry and public administration industries, among others.
The group operates sites worldwide, including in Italy, Spain and Mexico.
Its cybersecurity division helps to protect organisations against fraudulent activity and hacking, while offering advisory support to ensure clients comply with privacy regulation and international security standards.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 1,754 deals targeting custom computer programming services announced worldwide in 2020 to date.
Worldline agreed to snap up France-based Ingenico Group for EUR 7.84 billion in the most valuable of these.
© Zephus Ltd