Econocom Acquires Majority Stake in Bagnetti

International ICT group Econocom has secured a controlling 51% interest in Rome-based IT solutions provider Bagnetti srl, signaling a significant move to bolster its presence in central Italy and the public administration sector. The deal, which includes an option for Econocom to acquire the remaining capital, underscores a strategic push for consolidation within Italy's dynamic technology services market. Financial terms of the transaction were not disclosed.

Bagnetti, established in 1979, brings over four decades of expertise in delivering IT infrastructure, professional services, and technology solutions to both private enterprises and government bodies. The company reported revenues exceeding €30 million, with recent data indicating approximately €25 million in 2024. This acquisition aligns with Econocom's growth strategy, aiming to leverage Bagnetti's established client base and regional footprint.

The integration is expected to unlock substantial synergies, enabling cross-selling and up-selling opportunities across both companies' existing customer portfolios. Econocom, a Brussels-listed entity with annual revenues around €2.9 billion in 2025, anticipates that the acquisition will enhance its service offerings, particularly in high-demand areas such as artificial intelligence, cybersecurity, and digital workplace solutions. This expansion is particularly timely, given the ongoing digital transformation initiatives within Italy's public sector.

Crucially, the operational leadership at Bagnetti will remain intact. Current shareholders Giancarlo Bagnetti, Daniela Fefè, and Claudio Bagnetti will continue to steer the company. Giancarlo Bagnetti and Daniela Fefè will assume Managing Director roles, overseeing management and support functions, and commercial and operational activities, respectively. This continuity ensures that Bagnetti's deep-seated expertise and client relationships are preserved while benefiting from Econocom's broader resources and technological capabilities.

This strategic alignment is designed to accelerate Bagnetti's growth trajectory by integrating its specialized services with Econocom's extensive technological portfolio. The move is anticipated to strengthen competencies in advanced digital services, a critical factor in a market increasingly driven by sophisticated IT demands. The partnership aims to create a more robust offering for clients seeking comprehensive digital transformation support.

For Econocom, this acquisition represents a key step in expanding its market reach and service depth within Italy. The company's investment in Bagnetti highlights a commitment to organic and inorganic growth, reinforcing its position as a major player in the European ICT services sector. The deal also reflects a broader trend of consolidation among IT service providers seeking scale and enhanced capabilities to meet evolving market needs.