SISTEMI HS acquired by PROJECT INFORMATICA
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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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.
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Equity Value
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Multiples
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).