First Buyside Transaction in 2021: Mutares acquires the Ericsson Services Italia S.p.A. from Ericsson Telecomunicazioni S.p.A.
- Leading company for network rollout, field and maintenance services in Italy
- First platform investment in 2021 strengthens the Goods & Services segment
- Acquired business with approx. EUR 45 million in revenues
Munich/Milan, 29 January 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement on the acquisition of the Ericsson Services Italia S.p.A. from Ericsson Telecomunicazioni S.p.A. The company is a leading provider of Information and Communication Technology (ICT) services to service providers. The closing of the transaction is expected in Q1 2021.
Ericsson Services Italia operates telecommunication services throughout Italy. It is headquartered in Rome and employs more than 260 employees. The company is a dedicated service company for network rollout and onsite maintenance services. The main clients are the Italian mobile operators. In 2019, the company generated revenues of approx. EUR 45 million.
Johannes Laumann, CIO of Mutares comments: “We are excited to welcome Ericsson Services Italia to our Portfolio and I am confident that Mutares is the right partner to accelerate the company’s potential. We will continue to strengthen the presence in the Italian network rollout market as an Ericsson partner and we are happy to continue being a prime Ericsson supplier in such key industry.”