Siap Sistemi Applicativi Acquired by CDS Groupe
Deal News | Mar 17, 2025 | Legal Community Italy
The French group CDS Groupe, which operates in the tourism sector, has successfully acquired SIAP Sistemi Applicativi, a key Italian player in the development of software and hardware for tourism. Deloitte Legal assisted CDS Groupe in the acquisition process, managing the due diligence and contract negotiation phases. The M&A team at Deloitte Legal was led by Partner Massimo Zamorani, with support from Of Counsel Lucia Ruffatti and associates Angelo Longobardo, Stefano Merlo, and Alberto Ferronato. Additionally, the legal aspects related to French law were handled by lawyers Francois Le Roquais and Adriana Ciobanu. Antitrust and Foreign Direct Investment (FDI) considerations were also managed by Deloitte Legal, with Partner Emilio Cucchiara and associate Marzia Del Vaglio spearheading these efforts. On the sell side, legal representation was provided by Tassone e Associati, including Lorenzo Tassone and Katia Serra.
Sectors
- Tourism
- Software and Hardware Development
- Legal Services
Geography
- Italy – Siap Sistemi Applicativi, the acquisition target, is an Italian company.
- France – CDS Groupe, the acquiring company, is a French firm active in the tourism sector.
Industry
- Tourism – CDS Groupe is a French company operating in the tourism sector, seeking to expand its offerings and capabilities through this acquisition.
- Software and Hardware Development – Siap Sistemi Applicativi is involved in the development of software and hardware solutions, making this sector relevant to the acquisition.
- Legal Services – Deloitte Legal and Tassone e Associati provided crucial legal services, managing due diligence, contract negotiations, and compliance with legal aspects.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDS Groupe | Bidding Company | Companies | A French group specializing in the tourism sector. |
| Siap Sistemi Applicativi | Target Company | Companies | An Italian company specializing in the development of software and hardware for the tourism industry. |
| Deloitte Legal | Legal Advisor for CDS Groupe | Companies | Provided legal services for acquisition due diligence and contract negotiations. |
| Massimo Zamorani | M&A Team Leader at Deloitte Legal | People | Led the M&A efforts for the acquisition by CDS Groupe. |
| Lucia Ruffatti | Of Counsel at Deloitte Legal | People | Provided legal support during the acquisition process. |
| Francois Le Roquais | Lawyer for French Law Issues | People | Handled legal matters related to French law for the acquisition. |
| Tassone e Associati | Legal Advisor for Selling Company | Companies | Provided legal assistance to the sellers in the acquisition deal. |
| Lorenzo Tassone | Legal Advisor at Tassone e Associati | People | Part of the legal team representing the sellers. |