Elovade Expands with Avangate Acquisition in Italy
Deal News | Feb 04, 2025 | Watson Farley & Williams
Elovade, a company seeking to expand its influence in the Italian information and communication technology (ICT) sector, has announced its acquisition of Avangate. This strategic move reinforces Elovade's presence in the Italian software market, allowing it to tap into new opportunities and enhance its competitive position. Legal advisory for the acquisition was provided by Watson Farley & Williams, a law firm recognized for its expertise in handling complex transactions across various sectors.
Sectors
- Information and Communication Technology (ICT)
- Legal Advisory
Geography
- Italy – The acquisition centers around the Italian ICT market, with Elovade's expansion focusing on this geographic area.
Industry
- Information and Communication Technology (ICT) – The acquisition by Elovade targets the Italian ICT market, indicating a strategic interest and investment in technological services and software solutions.
- Legal Advisory – Watson Farley & Williams provided legal advisory services for the acquisition, showcasing their role in facilitating corporate transactions.
Financials
- – No financial details were disclosed regarding the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elovade | Acquiring Company (Buyer) | Company | Company seeking expansion in the Italian ICT sector. |
| Avangate | Target Company | Company | Italian company in the software market, acquired by Elovade. |
| Watson Farley & Williams | Legal Advisor | Company | Provided legal advisory services for Elovade's acquisition of Avangate. |