Bologna, 8 March 2024 - Datalogic S.p.A. (Borsa Italiana S.p.A.: DAL), a listed company on Euronext STAR Milan Segment of the Italian Stock Exchange managed by Borsa Italiana S.p.A. and a global leader in the automatic data capture and industrial automation segments, announces the sale of its 100% share capital in Informatics Holdings, Inc. (Informatics), a company actively engaged in the marketing and distribution of software products and solutions tailored for small and medium-sized companies, headquartered in Plano, Texas.
Valentina Volta, CEO of Datalogic Group, commented: "We are delighted to have successfully completed the disposal of Informatics, a company that became part of our Group back in 2005 and has consistently operated in a distinct business sphere from Datalogic.
With the disposal of Informatics, Datalogic is now a Group fully dedicated to pursuing a growth strategy in its core business of automatic identification and industrial automation, along with the development of high-value-added solutions within this field.
The proceeds from the transaction provide the Group with additional financial resources to support growth, both organically and through M&A.
We extend our gratitude to the Management and employees of Informatics for their dedication during their years with the Datalogic Group and for their contributions to the success of the transaction. We are confident that the new shareholder will fully capitalize on the company's long-term growth potential and its people.”
The transaction involves the sale by Datalogic S.p.A. of its 100% stake in Informatics to an affiliate of the U.S. private equity firm Renovo Capital LLC. The disposal value was agreed upon at USD 34 million.
The signing and closing of the transaction took place simultaneously on March 7th, 2024.
EC M&A, acting as financial and strategic advisor, and White & Case, acting as legal advisor, advised Datalogic.
