Econocom Expands European Presence with Bagnetti Acquisition

Econocom Group has acquired a 51% stake in Bagnetti, a Rome-based IT solutions provider. This move aims to strengthen Econocom's presence in Italy, a key European market. Bagnetti, with over 40 years of experience, focuses on public sector, AI, cybersecurity, and value-added services, contributing more than €30 million annually in revenues. The acquisition aligns with Econocom's 'One Econocom' strategic plan, emphasizing targeted acquisitions to expand its capabilities across Europe.

Angel Benguigui, CEO of Econocom, stated that this acquisition corresponds with the company's strategy to grow in high-potential markets. Bagnetti's expertise, combined with Econocom's resources, is expected to enhance support for clients, especially in the public sector.

This transaction is seen as a milestone in Econocom's growth strategy, enhancing its local presence and specialist capabilities in IT services. The acquisition is poised to unlock commercial synergies, leveraging complementary capabilities and customer bases.