Exprivia and Present integrate to create a new ICT hub

- The integrated group expands its strategic technological competences and geographical presence, strengthening its position in the ICT market
- Consolidated turnover, compared to Exprivia alone, increases by more than 50% and exceeds EUR 320 million
- The newly formed entity will be a key player in technological innovation, with AI, Cloud Computing, Cybersecurity and Big Data solutions

Molfetta, 13 December 2024 - Exprivia S.p.A. - an international group specialising in Information and Communication Technology - announces the acquisition of 100% of the share capital of Present Group. The transaction represents an important step in the external growth path envisaged by Exprivia's business plan and follows the recent exit from Borsa Italiana.
The integration between Exprivia and Present gives birth to a leading ICT player supporting the digital transformation of the country. The new reality has a total workforce of nearly 4,000 professionals and an estimated pro-forma turnover of more than €320 million, an increase of more than 50%.
The Present Group is a well-established player in the ICT sector with a focus on both infrastructure and applications and a specialisation in the provision of managed services. Thanks to the know-how developed over more than 30 years in the market, the company achieved revenues of approximately 115 million euros in 2023. With more than 1,200 employees, it is a reality rooted in Milan and Turin, with offices in Rome, Bologna, Verona, Padua, Perugia, Naples, Palermo as well as abroad, in London. Present counts among its clients leading companies operating in the banking, automotive, insurance, industrial and Public Administration sectors.
The new integrated group stands as a point of reference for technological innovation, offering advanced solutions based on modern data processing platforms and Artificial Intelligence. The aim is to support the digital transformation of companies through cloud computing technologies, advanced customer relationship management (CRM) systems, and automation tools that collect and process information from connected devices (IoT). The group will also offer the management and implementation of digital infrastructures, integrated with advanced cybersecurity solutions, taking care of clients' technology operations entirely, so that they can focus on their core business.
The transaction strengthens Exprivia's position in some strategic ICT market sectors already historically covered, creating - in particular - one of the first SAP system integrators at national level. Furthermore, it favours geographical expansion and an expansion of the portfolio of innovative projects with customised solutions for national and international customers. With this transaction, in fact, Exprivia multiplies its presence in northern Italy and strengthens its roots on a national scale.
"The acquisition of the Present Group kicks off a new phase and represents an important stage in our growth path, as well as a moment of great enrichment. This operation allows us, in fact, to integrate skills that amplify our ability to innovate and to face the challenges of digital transformation with even greater incisiveness," said Domenico Favuzzi, president and CEO of Exprivia. Present brings a unique wealth of experience in IT management and a territorial anchorage that opens new perspectives, both geographic and market. We look to the future with confidence and ambition, aware that this union does not only mean numerical growth, but an opportunity for evolution for all of us: people, customers and partners. Together, we will build an even stronger Exprivia, capable of being among the leading groups on the international technology scene".
"The passage of Present into the Exprivia Group - adds Antonio Giugliano, president of Present - represents an important strategic evolution with the aim of creating a player of absolute value in the ICT market through the contribution of new assets of skills and resources, which will further enrich Exprivia's offer". "We are convinced," commented Giovanni Maggioni, Present's vice president, "that the new operational set-up will provide all Present's staff with the opportunity to enhance their skills in order to face the challenges of a changing market more effectively.
Exprivia, for the purpose of the transaction, was supported by Kitra Advisory as financial advisor, the law firm Clifford Chance as lead counsel, the auditing firm BDO for accounting and labour due diligence aspects, and the firm AndPartners for tax aspects. At the same time, the shareholders of Present, for the purposes of the transaction, availed themselves of Intermonte as financial advisor and Studio Paroli Fossa e Associati for the legal and compliance aspects.
The completion of the transaction remains subject to the necessary Golden Power authorisations by the competent authorities.