TXT e-solutions Acquires IT Values to Boost Public Sector Offerings
Deal News | Mar 06, 2025 | Finance Community IT - 1 Corporate M&A
TXT e-solutions, a publicly-traded company on Italy's Star segment, has agreed to acquire IT Values, a boutique firm specializing in innovative digital solutions for public sector processes. The deal is expected to close by April 1, 2025. Clearwater, a European corporate finance firm focused on the mid-market, acted as the advisor for TXT e-solutions, while Studio Priori represented IT Values and its shareholders. IT Values, founded in Rome in 2022, has quickly established a robust financial performance with an adjusted EBITDA of 2.5 million euros and a substantial order backlog for 2025-2026. The acquisition aligns with TXT's growth strategy in the tech sector, enhancing its public sector software engineering and digital advisory offerings. Integration with IT Values' Smart Solutions suite is expected to further digitize public sector processes.
Sectors
- Corporate Finance
- Information Technology
- Public Sector Technology
Geography
- Italy – Both TXT e-solutions and IT Values are based in Italy, and the transaction is taking place within the Italian market.
Industry
- Corporate Finance – The corporate finance sector is involved as Clearwater is providing advisory services for the acquisition.
- Information Technology – The acquisition involves IT Values, a company that specializes in innovative solutions for the digitalization of public sector processes.
- Public Sector Technology – TXT e-solutions aims to enhance its offerings in the public sector technology space with this acquisition.
Financials
- 2.5 million euros – Adjusted EBITDA of IT Values.
- 5 million euros – Order backlog for IT Values for 2025-2026.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TXT e-solutions | Buyer | Company | A publicly traded company in the tech sector in Italy, focusing on software engineering and digital advisory. |
| IT Values | Target Company | Company | A boutique firm specializing in innovative digital solutions for public sector processes, founded in 2022. |
| Clearwater | Advisor to Buyer | Company | An independent European corporate finance firm focused on the mid-market. |
| Studio Priori | Advisor to Seller | Company | A professional firm specializing in corporate finance services, led by Professor Marcello Priori. |
| Marco Morfino | Managing Partner at Clearwater | Person | Managing partner at Clearwater, involved in advising TXT e-solutions. |
| Gabriele Rossetti | Associate at Clearwater | Person | Associate at Clearwater, part of the advising team for the transaction. |
| Arturo Gregorini | Analyst at Clearwater | Person | Analyst at Clearwater, part of the advising team for the transaction. |
| Marco Baschirotto | Advisor at Studio Priori | Person | Leading the advisory team at Studio Priori, representing IT Values. |