Udine, 12/2/2018 - Partners Associates Group, a system integrator in which stakes are held by FVS and RiverRock, announced the acquisition of 97.63% of Inasset Srl (www.inasset.it), a company specialized in the management of Data Center services and infrastructures.
Inasset main shareholders have joined PA Group shareholding structure, alongside the Baracetti family and the FVS and RiverRock investors, to continue the development of the PA Group itself, which will benefit from the industrial integration.
The operation is the result of an industrial combination aimed at seizing new synergies and opportunities on the Italian and non-Italian markets. Thanks to this acquisition, PA Group confirms its leadership in the Cloud Computing market and strengthens its ability to offer increasingly innovative services for the management of critical systems of its customers.
The integration allows PA Group to take an important step towards the interconnectivity offered to our customers. PA Group now offers connectivity not only between the different customer locations worldwide, but also with the networks that integrate customers, suppliers, partners and external resources of a company, because today most of the information flows take place less and less within the company and are increasingly more cloud-based.
Inasset infrastructure consists of both the proprietary data center (with three additional data centers which guarantee business continuity and Disaster Recovery) and around 1,500 kilometres of proprietary fibre, plus an additional 2,000 kilometres of managed fibre to cover a large part of the North East of Italy. The integration of the Inasset infrastructure into the PA Group allows to better serve the customer portfolio of both companies through the supply of new products and services that improve and complete the level of assistance on the entire ICT service landscape needed in the current digital era, such as management software (SAP, Microsoft Dynamics, software and proprietary products, etc), CRM, Business Analytics, Networking, Cybersecurity, Cloud services and Datacentering.
Following this transaction, Partners Associates Group, including the newly acquired Inasset, closed 2017 with a pro forma turnover of approximately 60 Million Euro and an Ebitda of approximately 7.5 Million Euro and declares its willingness to become a reference point to aggregate the IT service provider sector, and to further grow also through the incorporation of other operators present in the territory.
Ennio Baracetti, President of Partners Associates Group said: "This is a strategic operation. It was considered necessary for the growth of the group, it was extensively searched for and it was desired in the utmost conviction to make a difference in the market; to this purpose, we identified a structure with extraordinary people who share the same objectives as the Group: growth, improvement, achievement of increasingly challenging objectives."
Roberto Cella, Founder, Chairman of Inasset and new member of PA Group said: "We have listened to the continuous requests coming not just from our customers but also and especially from the market, for the supply not only of Cloud Computing, but also of managed services and cybersecurity: with this operation we are giving a solid response. The goal of Inasset has always been our customers’ satisfaction and our response to their requests has been the merger of two excellences, each in its field, which can cover every area of the ICT world. A single point of responsibility and a single interlocutor for every need."
PA Group is continuing to grow also in the first few months of 2018 and plans to include thirty new professional figures within June 2018 (these resources will be added to the seven hundred already operational). The selections have already begun and include the following sectors: junior system administrator, senior, commercial, marketing and communications manager.
Michele Petrazzo, CEO of Inasset and new member of the PA Group added: "Inasset has always believed that offering all-round solutions is the right proposition to differentiate itself in the increasing complexity of the current and future technology world. Evolution and continuous improvement must always lead to the creation of new technological and evolved solutions, but also to accomplishing large and strategic integration steps. Inasset and PA Group are the perfect combination of infrastructure and professional technological services in the Italian scene and beyond."
Financial Advisor of PA Group for the structuring of the transaction was RNJ Capital, while the Due Diligence was carried out by BDO Transaction Services.
The law firms that followed the deal were Osborne & Clarke (with their Partner Umberto Piattelli) for the PA Group and Lawyer Panni for Inasset members.
For more information:
Partners Associates Group: Pierantonio Morici +39 345 3674514
Inasset Srl: Michele Petrazzo +39 348 4910976
FVS and RiverRock investors: Diego Tognetti +39 346 6185413