Total Specific Solutions Expands in Italy with Sofinn Acquisition
Deal News | Feb 07, 2025 | Legal Community Italy
Total Specific Solutions (TSS), a Dutch company, has completed its acquisition of Sofinn Italia, a software development company based in Naples, specializing in solutions for the automotive aftermarket sector. This transaction marks TSS's eighth acquisition in Italy, reflecting its ongoing strategy to expand its footprint within this market. The acquisition was facilitated by Spada Partners, demonstrating TSS's focused approach towards consolidation in the Italian software sector.
Sectors
- Software Development
- Automotive Aftermarket
- Private Equity
Geography
- Italy – Sofinn Italia, the acquired company, is based in Naples, Italy, and this marks TSS's eighth acquisition in the country.
- Netherlands – Total Specific Solutions, the acquiring company, is headquartered in the Netherlands.
Industry
- Software Development – Sofinn Italia operates in software development focused on the automotive aftermarket industry.
- Automotive Aftermarket – Sofinn Italia provides software solutions to companies within the automotive aftermarket sector.
- Private Equity – Total Specific Solutions engages in acquisition activities that are typical of private equity strategies.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Total Specific Solutions | Acquiring Company | Company | A Dutch software company that specializes in acquiring vertical market software businesses. |
| Sofinn Italia | Target Company | Company | An Italian company based in Naples, specializing in software development for the automotive aftermarket industry. |
| Spada Partners | Legal Advisor | Company | A legal firm advising Total Specific Solutions on the acquisition of Sofinn Italia. |