Context

TXT e-solutions entered into a binding agreement to acquire 100% of IT Values S.r.l. to bolster its specialized "Smart Solutions" portfolio for the public sector. The transaction was structured with an 80% cash payment and a 20% stock payment in TXT shares to ensure the long-term alignment of the target’s leadership. This acquisition builds on existing commercial partnerships between IT Values and TXT's subsidiaries, WebGenesys and HSPI. Beyond the initial price, the deal includes a performance-based earn-out of up to €2.5 million linked to growth targets through 2028, reflecting a strategy aimed at capturing a significant share of the Italian public administration's digital transformation budget.

Target

IT Values is a specialized Italian software company focused on the digital transformation of administrative processes for both modern enterprises and public administrations. Founded in 2022, the firm develops innovative software solutions that emphasize systems integration and cybersecurity to address the complex evolving needs of the "GovTech" market. Its technical expertise enables public sector entities to transition toward digital workflows, supported by a highly specialized team of 20 professionals. The organization maintains a robust "Smart Solutions" suite that facilitates secure, high-speed digitalization, allowing it to achieve significant operational margins and a rapidly growing backlog of industrial orders.