Var Group, a subsidiary of Sesa, has completed the acquisition of a 20% stake in Albasoft, establishing put and call option mechanisms designed to facilitate the gradual acquisition of the entire share capital. This business combination is a strategic initiative under the Sesa 2026–27 industrial plan, designed to enhance the group's presence in the Digital Platforms and Vertical Applications segment. By integrating the target's specialized software for corporate treasury and financial flow optimization, the acquirer aims to create an integrated application scenario that bridges the gap between ERP systems and banking platforms. The strategic rationale is driven by the growing necessity for process standardization, automation, and real-time financial monitoring amidst rising interest rates and regulatory demands.

ALBASOFT, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN lower than the average currently observed in the TMT (Tech, Media, Telecom) sector (12.8x).

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