PRESS RELASE
COMPLETION OF ACQUISITION OF 51% OF CENTOTRENTA SERVICING S.P.A.
FOLLOWING AUTHORISATION MEASURE ISSUED BY BANK OF ITALY
Empoli (FI), 7 September 2023
Sesa S.p.A. announces that following favourable authorisation measure issued by Bank of Italy on 7 September 2023, the wholly owned subsidiary Base Digitale Group completed the acquisition of 51% of the equity of Centotrenta Servicing S.p.A. (“130 Servicing”) company, as per agreement binding framework already made known by the issuer with dedicated press release on 21 March 2023.
130 Servicing, leading in the offer of advisory, services and solutions of master servicing not delivered to asset management companies, institutional investors and securities and financial brokerage companies, with an active customer set of over 200 SPV and real estate vehicles (REOCO), with a workforce of over 130 human resources, annual revenue of approximately Eu 15 millions and an Ebitda margin of 20%. Base Digitale Group, following the operation, strengthens its placement as reference player in vertical application offer and digitalisation platforms in financial services field, with an expected scope of revenue in the financial year ended 30 April 2024 of approximately Eu 130 millions, 800 human resources and about 500 customers on national territory, supporting digital transformation of Italian economy and financial market. “ We carry on our path consisting of aggregation of skills, enhancing our specializations and vertical platforms in the face of a continous accelerated demand for digitalization by companies and organizations. We shared with the managing partners of 130 Servicing a common corporate culture oriented on a sustainable growth and care for people, building together an industrial development plan and enhancement of human resources that we will pursue together on the market with value generation goals for our stakeholders”, have stated Alessandro Fabbroni, CEO of Sesa and Leonardo Bassilichi, CEO of Base Digitale Group.
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Sesa S.p.A., headquartered in Empoli (FI), is in charge of a Group active on the whole Italian territory and some foreign countries such as Germany, Switzerland, Austria, France, Spain, Romania and China which is the reference operator in Italy in the technological innovation and IT and digital services sector for business, with consolidated revenue of Eu 2.908 millions (+21,7% Y/Y) and 4.717 employees on 30 April 2023 (+13,3% Y/Y).
Sesa operates with the goal of providing technological solutions, digital services and business applications to support digital evolution, innovation and transformation toward sustainability of companies and organizations, through four main activities sectors:
– Corporate with revenue of Eu 20 millions and 150 human resources on 30 April 2023;
– VAD (Value Added Distribution) with revenue of Eu 2.236 millions and 655 human resources on 30 April 2023;
– SSI (Software e System Integration) with revenue of Eu 703 millions and 3.345 human resources on 30 April 2023;
– Business Services with revenue of Eu 84 millions and 570 human resources on 30 April 2023.
Sesa Group pursues a sustainable development policy in favour of its Stakeholders and it obtained between 2012 and 2013 a track record of on going employment growth, revenue (CAGR revenue 2012-2023 +12,0%) and profitability (CAGR Ebitda 2012-2023 +16,2%). The strategy for long-term value generation is based on the development of the skills of human resources and the care for environmental sustainability and social responsibility, with a gradual improvement of ESG performance.
The Group 30 April 2023 distributed a total economic value of Eu 309 millions (+24% Y/Y), for over the 60% intended for remuneration of human resources, with 4.717 employees (+13,3% Y/Y), the extension of hiring programs (760 employments, +25% Y/Y) education (over 69.000 hours of training, +14% Y/Y) and corporate welfare to support diversity, work-life balance and wellness of human resources. Sesa integrated the goals of sustainable growth as priority tasks of the Board of Directors in its Company Bylaws and from financial year 2022 predisposes an Annual Integrated Report, a single complete and transparent document, pursuant the standard for international reporting, both financial and ESG performance.
In terms of sustainability governance the main companies of the Group are certified ISO 14001 and comply to Global Compact ONU.
SeSa S.p.A. head office in Empoli (FI), Via della Piovola 138, Share capital Eu 37.126.927,50 i.v.,
VAT number, Tax Code and registration number for Registro delle Imprese di Firenze 07116910964
Phone number: +39 0571 900900; Web site: www.sesa.it
Sesa on December 2022 obtained the Ecovadis rating on Gold level, the sustainability rating emitted by MSCI on BBB level and ESG rating emitted by CDP on B level. Sesa is listed on the Euronext STAR Milano (Codice ISIN: IT0004729759) market and makes up the index FTSE Italia Mid Cap.
