Transaction

DGS acquired A.I.Gen.

Transaction

DGS acquired A.I.Gen.

Buy-side

Undisclosed

Role

Adviser to DGS, a portfolio company of ICG, on its acquisition of A.I.Gen., a portfolio company of Xenon Private Equity

Sector

Tech & Tech Services

Region

Italy

We have advised DGS S.p.A. (DGS), a leading operator in the Italian information technology market specialising in the digital transformation of business processes and cybersecurity services, on its acquisition of A.I.Gen. Advanced Intelligence Generation S.r.l. (A.I.Gen.), a technological centre of excellence in the artificial intelligence sector and a portfolio company of Xenon Private Equity.

This transaction allows DGS to consolidate its leadership in digital transformation services, expanding its activities in fast-growing areas such as artificial intelligence (AI), as well as marketing strategy and technology. 

The acquisition is part of the broader industrial development project that DGS's shareholders alongside its partner ICG, a leading global asset manager in alternative investments, are pursuing through organic growth and strategic acquisitions to position DGS as a major player in the Italian information technology sector, capable of supporting customers in the design and implementation of customised services and solutions for security and digital business transformation.

With a turnover of over €320m and over 2,000 employees operating throughout Italy, DGS is already a reference point in high-tech services for digital transformation and IT security, and with the integration of A.I.Gen., it will be able to further enrich its offering in the data intelligence, AI, and Martech sectors.

digital marketing analytics large screen

It has been a privilege to assist DGS and ICG in this transaction that will allow the company to assume a leadership position in the world of data, as well as the digital and cyber spaces. DGS has always been attentive to innovation and, with A.I.Gen., takes a further step in this direction, positioning itself as a leader in the Italian technology sector. This transaction confirms the role that M&A advisory can play in enhancing industrial synergies and accompanying mid-market companies in sustainable and specialised growth paths.

Marco Morfino, Managing Partner, Clearwater
digital marketing analytics large screen

We are very happy to be able to announce this new transaction, which is perfectly in line with DGS's entrepreneurial growth strategy and our desire to always be at the frontier of innovation. We therefore extend a warm welcome to all A.I.Gen. professionals, who enrich us with new skills that we are certain will prove invaluable in supporting our clients in the process of evolving digital strategies and cutting-edge technological solutions.

Vincenzo Fiengo, co-CEO, DGS

This transaction is a step of great importance in the development path we are pursuing together with DGS, which is confirmed not only as a leader in its sector but also as an extraordinarily attractive industrial project, able to offer solidity, expertise, and vision in areas that still have enormous growth potential such as those of digital transformation and data analytics.

Giulio Piccinini, Managing Director, ICG Italy

Advisers

Transactions