DGS Acquires A.I.Gen to Strengthen AI and Martech Solutions
Deal News | Jun 03, 2025 | Finance Community IT - 3 Private Equity
DGS, a prominent Italian Information Technology company controlled by ICG, has acquired A.I.Gen., a leading firm in artificial intelligence. A.I.Gen., previously held by Xenon Small Cap fund, enhances DGS's capabilities in data intelligence, AI, and martech. Financial advisory was provided by Clearwater, with legal support from PedersoliGattai and Simmons & Simmons. Xenon Small Cap, advised by Fineurop Soditic and Ashurst, sold the rapidly-growing A.I.Gen., which reported over 28 million euros in 2024 revenues. This acquisition aligns with DGS's strategy of holistic growth and innovation in digital transformation services, vital for its ambition as an IT sector leader in Italy. DGS's acquisition strategy, including this recent purchase, aims to drive its market position as a top provider of customized technology solutions.
Sectors
- Information Technology
- Artificial Intelligence
- Private Equity
Geography
- Italy – DGS is an Italian IT company, and the acquisition of A.I.Gen. impacts the Italian market.
Industry
- Information Technology – The article involves DGS, which operates within the IT sector, focusing on digital transformation and cybersecurity.
- Artificial Intelligence – A.I.Gen. specializes in artificial intelligence, making it a central theme of the acquisition and a relevant classification.
- Private Equity – The transaction involves private equity firms ICG and Xenon Small Cap as key participants.
Financials
- €320 million – DGS's reported business turnover.
- €28 million – A.I.Gen.'s pro-forma revenue in 2024, reflecting a 13% growth compared to the previous year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DGS | Acquirer | Company | A leading IT company in Italy focused on digital transformation and cybersecurity. |
| A.I.Gen. | Target Company | Company | A technology firm specializing in artificial intelligence and data intelligence. |
| Xenon Small Cap | Vendor | Company | The previous owner of A.I.Gen., focused on supporting small to mid-cap companies. |
| ICG | Private Equity Owner | Company | The global asset manager that controls DGS. |
| Clearwater | Financial Advisor to DGS | Company | Provided financial advisory services to DGS during the acquisition. |
| Fineurop Soditic | Advisor to Xenon Small Cap | Company | Provided M&A advisory services to Xenon Small Cap. |
| PedersoliGattai | Legal Advisor to DGS | Company | Provided legal advisory services to DGS. |
| Simmons & Simmons | Tax Advisor to DGS | Company | Provided tax advisory services to DGS. |
| Ashurst | Legal Advisor to Xenon Small Cap | Company | Provided legal advisory services to Xenon Small Cap. |
| Deloitte | Accounting and Tax Advisor to Xenon Small Cap | Company | Provided accounting and tax advisory services to Xenon Small Cap. |