Lutech, a portfolio company of Apax, has acquired SAPIMSA and Netinex

SAPIMSA and Netinex

SAPIMSA and Netinex are leading Spanish information technology (IT) consulting companies specializing in the implementation, integration and maintenance of systems, applications and modules of SAP. As a SAP Gold Partner and one of the first SAP partners in Spain, SAPIMSA and Netinex have established a strong reputation for delivering enterprise resource planning business solutions that centralize data management and enhance operational efficiency across enterprises. The companies offer tailored, on-demand services, including project management and process optimization, serving both public and private sector clients and collectively employ more than 130 professionals across Spain.

The Deal

Lutech, a leading Italian IT services company, sought to expand and strengthen its presence in the Iberian market as part of its ambitious international growth strategy. With a clear objective to enhance its market reach and create a unified and innovative group, capable of delivering comprehensive IT solutions, Lutech engaged Lincoln International to identify and secure a target that aligned with its core business and strategic goals.

Lincoln leveraged its deep industry expertise and global reach to source a target that complemented Lutech’s strengths in cloud computing, cybersecurity and digital transformation. Lincoln’s ability to navigate complex cross-border mergers and acquisitions (M&A) transactions ensured a seamless process and supported Lutech in successfully advancing its international expansion. SAPIMSA and Netinex will significantly bolster Lutech’s presence in the Iberian market, which began with the opening of Lutech Spain one year ago.

Our Perspective

Oliver Dino-Guida, Lincoln International Director who led the transaction, commented, “In recent years, the Spanish IT services market has experienced a significant wave of M&A activity, leading to notable consolidation. Amidst this activity, it was crucial to support Lutech in finding the right partner with proven capabilities and expertise to effectively serve Lutech’s client base. This transaction also marks Lutech’s first investment in Spain, highlighting their commitment to expanding their European footprint. Navigating the complexities of a new market requires strategic vision and local expertise; thus, we are excited to have successfully advised our client on this complex cross-border deal.”

Lutech

Lutech is a leading European IT services and consulting company headquartered in Milan, specializing in digital transformation solutions. With more than 5,500 professionals, Lutech provides end-to-end services in cloud transformation, cybersecurity, data analytics and digital consulting, catering to industries such as retail, finance, healthcare and energy. Backed by Apax Partners since 2021, Lutech focuses on enabling businesses to optimize their operations and achieve growth through cutting-edge technology and tailored information and communication technology solutions.

Apax Partners

Apax is a leading global private equity advisory firm. With a heritage spanning more than 50 years, the firm focuses on investments in the technology, healthcare, consumer and business services sectors. Apax combines deep industry expertise with operational capabilities to drive long-term growth and value creation in its portfolio companies. With more than $77 billion in funds raised and advised, Apax operates globally with offices in major financial centers, partnering with businesses to help them become market leaders.

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