Empoli (FI), March 18, 2024

Sesa (“SESA” – SES.MI), reference player in technological innovation and digital services for the business segment, with about Eu 3 billion consolidated revenues and over 5,000 employees, has acquired through Var Group S.p.A. (Sesa wholly owned subsidiary) an additional stake of Analysis S.r.l. (“Analysis”) from 15% up to the 51% majority stake, strengthening its digitalisation and sustainability skills, to support the digital transformation of the Made in Italy economic districts.

Analysis, based in Castel Maggiore (BO), with revenues in Year 2023 of about Eu 2.2 million, an Ebitda Margin of 20% and 29 skilled resources, develops software solutions for the digitalisation of business processes, with focus on sustainability and compliance management.

The company, with a customer set of more than 400 enterprise customers across Italy, operating in the main Made in Italy sectors, provides modular add-on solutions, even in Cloud, allowing digitalization of quality, safety and environmental systems management and, more generally, the regulatory compliance, including sustainability.
The main software solutions are QualiWare, a QHSE leader; ActiveDoc, an enterprise Low-Code Application Platforms for document management; and EasyFootprint, an ISO-compliant solution for the carbon and water footprint calculation.

The partnership offers business development opportunities in a sector with progressive growing demand and is driven by, among other things, the increasing stakeholder focus on sustainability and ESG performance.
Thanks to the business combination, Var Group further strengthens its sustainability software and digital solutions, targeting further boosting of skills and customer set.

The corporate acquisition has been closed on evaluation criteria in line with those usually adopted by Sesa Group, in application of an EV/Ebitda evaluation criteria equal to about 5x, with long-term operative involvement, also through equity commitment mechanisms of the Managing Partner and founder Pier Alberto Guidotti, targeting sustainable growth of skills and specializations.

The corporate partnership integrates the wider Sesa Group strategy of investment in the industrial development of its vertical digital skills in strategic sectors for the economy, to support the digital transformation of Enterprises and Organizations.

Sesa Group continues to boost its development path in human resources and digital skills, driven by bolt-on industrial M&A and organic growth capability.

“We continue to expand our skills in crucial areas of corporate organization such as Sustainability and Compliance Digital Solutions, thanks to the partnership with Analysis and 30 new skilled human resources. The business combination further strengthens our offering of business application and consulting solutions for the enterprise market, supporting the strong and growing digital technologies demand for the sustainability of the Made in Italy companies” stated Francesca Moriani, CEO of Var Group S.p.A.

“We are glad to join the Sesa Group organization, to accelerate our skills development, and to contribute with our know-how to extend the offer of innovative solutions for environmental sustainability and compliance, developed for the benefit of excellences of the main Italian and European districts” stated Pier Alberto Guidotti, Founder of Analysis.

“With Analysis joining our Group, we enlarge our skills in a crucial area for the digital evolution of companies such as sustainability technologies, in the light of the strong convergence of sustainability with digitalization. We will continue to boost our long-term and steady growth in revenues, human resources and digital skills, driven by bolt-on industrial M&A in strategic development areas and targeting long-term sustainable value generation for our stakeholders”, stated Alessandro Fabbroni, CEO of Sesa.