MILAN (AIMnews.it) - Relatech announces that it has signed the binding agreement aimed at acquiring 60% of the share capital of Mediatech, a company specialized in cloud solutions and services.

The acquisition operation takes on a particularly strategic value for Relatech which, thanks to the skills and technologies present in Mediatech, will consolidate its competitive position, also through further diversification of customers and an expansion of the offer of its solutions. This continues the path of growth and development by external lines, for Relatech it is the sixth M&A operation in the last 5 years confirming the vocation and the now consolidated track record of the Company's management. In 2019 Mediatech, with headquarters in Milan and Brescia, achieved a turnover of approximately Euro 3,600 million with an adjusted Ebitda of approximately Euro 0.60 million and a Net Financial Position of approximately Euro 0.10 million.

This M&A activity acquires decisive importance also in terms of industrial partnership with a company specialized in Cloud and Cyber Security technologies that allow Relatech to further enrich and enhance its digital platform and Cloud-based RePlatform, which represents the essential cornerstone on which it develops the entire business model of the Company. The goal is to act synergistically to develop new digital solutions that know how to unite, in an innovative way, the proven skills of Relatech, as a single point of reference for Digital Enabler Technologies and the long-standing experience of Mediatech in the construction of infrastructures and data centers, as well as the high specialization in the world of Cloud (private, hybrid, public, hyperconvergence). In particular, Mediatech, specialized in the creation of cloud solutions and infrastructures with a high attention also to cybersecurity issues and as a qualified partner of international Big vendors, such as Nutanix, not only integrates perfectly in the Relatech business model but also contributes to strategically expand the Company's technology partnership ecosystem. Relatech, in fact, in addition to the consolidated partnerships with big vendors, such as IBM, Oracle and Microsoft, will start new synergies with leading international operators including, in fact, Nutanix, a leading company in the construction of hyper-converged Cloud infrastructures to develop services that help customers modernize datacenters and run applications on any scale and implement new automation features that will simplify IT operations during the global crisis period.

"This acquisition-comments Pasquale Lambardi, CEO of the Relatech group-represents a strategic strengthening for our core business, enriching our ability to design, implement and manage IT Architectures and digital Cloud Infrastructures that are innovative and efficient but capable of guaranteeing solidity and security at the same time. We believe that this market segment will be characterized by interesting growth rates in the coming years and in this regard we are in total agreement with the analysts of Markets And Markets who estimate a year-on-year growth in HCI(Hyper Converged Infrastructures) solutions starting from around 4 billion of dollars in 2018 will reach around 17 billion in 2023 with a CAGR of 32.9%. We will work in synergy, making the most of the business and the solutions acquired by continuing to invest in the evolution of Mediatech solutions which represent some of the verticalizations of our RePlatform platform, which is why we consider Mediatech, its members and its employees as strategic partners of our Group and in this regard on behalf of all Relatech we welcome new colleagues. For Relatech this acquisition represents the modus operandi that we will also use for the next M&A operations. In fact, one of the reasons why we decided to be listed, is to be able to accelerate our growth through acquisitions, both using our operating cash flow and through the use and enhancement of our shares. In this regard, we used the treasury shares purchased at the beginning of the year in exchange without therefore diluting our shareholders, even though they could already benefit from the value created with the acquisition itself.”