M&A Activity • Jul 3, 2023
M&A Activity
Open in ViewerOpens in native device viewer
PRESS RELEASE
Trento, 3 July 2023
Following up on the communication from last June 29th, GPI S.p.A. (GPI:IM), a Company listed on the Tech Leader segment of the EXM market (Euronext Milan) of Borsa Italiana, leading in IT Solutions and Healthcare and Social Services, announces that today, following the favorable opinion of the comité social et économique (works council) of the Evolucare Group and considering the exercise of the put option by the sellers, a Share Purchase Agreement (SPA) has been signed for the acquisition of approximately 96.58% of the share capital of the French group controlled by Evolucare Investment SAS. The acquisition will be finalized, subject to the fulfillment of certain suspensive conditions in line with operations of this kind, through the French subsidiary Gpi France SASU.
The remaining approximately 3.42% is held by the current top managers of the company, Philippe Blanco (CEO) and Gauthier Frandon (Sales Director), who will lead the Evolucare Group in its development, consolidation, and growth journey. They will work in coordination with Gpi's management in the integration, consolidation, and growth process of the newly acquired company within the Company.
The transaction, the details of which were extensively described in the communication issued on 29 June 2023, is part of Gpi Group's growth strategy in the software sector for the digital transformation of healthcare. It fully aligns with the guidelines of the Industrial Strategic Plan 2022-2024, aimed at consolidating Gpi as a leading player in the European digital health sector.
The acquisition of the Evolucare Group will be presented to the financial community on Tuesday, July 4, 2023 during a live video conference at 9:30 a.m. CET (8:30 BST).
The Company's top managers will be attending the video conference.
To participate in the conference, registration is required at the following link: https://channel.royalcast.com/landingpage/gpi-it/20230704\_1/
The presentation supporting the video conference can be downloaded by visiting the website www.gpigroup.com.
GPI is the partner of choice for software, technologies and services for healthcare, social services and the public administration. Founded more than 30 years ago in Trento, GPI has grown through significant investments in M&A (in Italy and abroad) and in R&D, carried out in partnership with leading Italian universities and research centres to transfer scientific, technological, functional and process knowledge into the e-health, e-welfare, and well-being sectors.
Also drawing on the solutions and know-how gained from the companies that have joined its ecosystem, the Group has masterfully translated the needs of the healthcare industry into cutting-edge high-tech solutions and new service models that optimise prevention, diagnosis and care processes, improving people's lives.
The offer combines specialised IT expertise with advisory and design capabilities enabling it to operate in a range of business areas: Software, Care, Automation, ICT and Payment services.
The Company reported consolidated revenues of €360.2 million in 2022, with over 7,100 employees at year end, and more than 3,000 customers in over 70 countries.
GPI was listed on Borsa Italiana in 2016 (AIM segment) and moved to the MTA (now EXM) market in 2018. In 2023 becomes part of Euronext Tech Leaders, the initiative of Borsa Italiana dedicated to high-growth and leading Tech Companies.
ISIN ordinary shares: IT0005221517
Press release available at www.gpigroup.com and
GPI | Fabrizio Redavid, Lorenzo Giollo | [email protected] | T: +390461381515 | Via Ragazzi del '99, 13 - 38123 Trento
GPI | Daniela Filbier, Enrico Orfano| [email protected] | T: +390461381515 | Via Ragazzi del '99, 13 - 38123 Trento
Banca Akros | Bruno Mestice | [email protected] | T. +3902434441 | Viale Eginardo, 29 – 20149 Milan
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.