mynth
04/2026

SISTEMI HS acquired by PROJECT INFORMATICA

ITALY IT Services / Consulting & Integration REV 50M - 100M EUR

Context

WeAreProject, the primary IT services platform controlled by EMK Capital, has successfully entered into a definitive agreement to acquire a majority stake in Sistemi Hardware & Software S.p.A. (Sistemi HS) and its subsidiary Stackna S.r.l. This transaction marks the first inorganic expansion of the group following its change in ownership earlier in the year and represents a significant geographic densification in Northern Italy, particularly within the Piedmont region. The strategic rationale for the move centers on the integration of the target’s established professional services network with the group’s high-density managed services platform. Furthermore, the acquisition provides the group with specialized technical depth in Artificial Intelligence and Data Science through the integration of the target's specialized innovation hub. The partnership is designed to unlock substantial commercial synergies by offering a comprehensive suite of cloud, cybersecurity, and AI-driven process automation tools to a combined base of SMEs and professional consultants. This integration reinforces the organization’s standing as a leading champion for digital transformation in the Italian landscape, ensuring technical durability and operational caliber for its global institutional and private stakeholders.

SISTEMI HS, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Sistemi Hardware & Software is a specialized technology organization operating as a high-tier system integrator for the Italian corporate and professional services market. The entity’s business model is centered on providing end-to-end digital services, ranging from traditional IT infrastructure management to advanced software solutions for professional consultants and labor specialists. Through its specialized subsidiary, the organization integrates advanced Data Science models and Artificial Intelligence to optimize industrial workflows and organizational productivity. Its value proposition is built on technical durability and localized expertise, supporting SMEs and large corporations in their transition toward cloud-native and automated environments. Strategically, the firm focuses on the convergence of hardware reliability and innovative software layers, positioning itself as a mission-critical infrastructure partner for high-stakes professional sectors. The organization facilitates digital modernization through a multidisciplinary approach to enterprise IT architecture.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in IT Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2026IRENNOSTRUM GROUPSPAINHosting / Datacenter
05/2026ISATIS CAPITALCAPTIVEAFRANCECustom Dev
04/2026NORDLONETHOUSESWEDENMSP (Managed Services)
04/2026LEGAL & GENERAL L&G / BPIFRANCEBLUEFRANCEMSP (Managed Services)
04/2026NORD HOLDINGVISIONMAXX GROUPGERMANYMSP (Managed Services)
04/2026TRUESEC GROUPSUBSETSWEDENCybersecurity Services
04/2026AGENCE DES PARTICIPATIONS DE L'ETAT (APE)ATOS ADVANCED COMPUTINGFRANCEData & AI Consulting
04/2026VECTION TECHNOLOGIESDXLABSAUSTRALIACustom Dev
03/2026SPYROSOFTMD CONSULTING UND INFORMATIONSDIENSTEGERMANYCustom Dev
02/2026CPP INVESTMENTS / EQUINIXATNORTHICELANDHosting / Datacenter

REFERENCES

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SISTEMI HS by PROJECT INFORMATICA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.