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AGGITY BUYS ITALIAN COMPANY OPEN DATA


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Integral service around a transaction
BY : Diego GutiérrezNovember Tue, 2019

The Spanish digital technology multinational Aggity has acquired the 60% from the Italian company Open Data, specialised in the creation of Software for Industry 4.0.

The Fourth Industrial Revolution, also known as Industry 4.0, is changing the way businesses operate and therefore the environments in which they are forced to compete.

AGGITY

Aggity is a Spanish digital transformation company for business managementThe company has closed, this October, the acquisition of a 60% of the capital of Open Data, an Italian company of Software for Industry 4.0 (Opera MES).

The transaction was closed for an amount of 2.7M€and will allow the firm to start operations in Italy in January 2020.

It will do so with a portfolio of more than 350 clients, including leading companies in their respective sectors, such as Lamborghini or Braun.

It also consolidates its position as a supplier of cutting-edge technological solutions to respond to the new points of view and management methodologies in a continuously evolving sector such as industry.

4.0 TECHNOLOGY DISTRIBUTOR

This procurement is part of the strategy of external growth and consolidation which Aggity announced earlier this year.

Until now, it was the exclusive distributor of Open Data technology in Spain, and in the Latin American countries where it operates: Mexico, Argentina, Uruguay, Chile, Peru, Colombia and Ecuador.

But the company's strategic plan foresees growth in 2020 of over 60%, as well as growth of around 27% in 2021 and 2022, achieving turnover volumes of 21 and 25 million euros, respectively.

MORE ACQUISITIONS

In addition to the majority stake in Open Data, Aggity is finalising the acquisition of a further company in Peru, specialising in cybersecurity and digital transformation solutions, with a total investment of more than €4m.

With these acquisitions, it will grow by more than the €10m it had planned, and Ebitda will be above €2.6m.

According to this business growth plan, the firm expects that around 40% of its turnover will come from Spain.

The 60% will be sourced from outside, notably from MexicoHowever, the Italian subsidiary will from now on be a major player in the group.

At this point, it should also be recalled that last May it already acquired 60% of the company's capital. Denariusspecialising in the development of Human Resources management software.

OPEN DATA

Open Data is a Italian manufacturer of a reference software solution in the Industry 4.0 environment..

It will close the 2019 financial year with a turnover of €4.5m and EBITDA of €2.5m.

The remaining 40% equity will remain in the hands of the two partners who created the software. Opera MES, who will remain with the company, thus ensuring the continuity and development of this solution for the digitisation and automation of production processes.

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