WEBGENESYS JOINS THE TXT GROUP’S ECOSYSTEM OF EXCELLENCE

New corporate structure for Webgenesys S.p.A., thanks to the investment agreement signed in Milan on Nov. 8, 2024. The Genesy Group holding company is selling 84.1% of Webgenesys to TXT e-solutions S.p.A. Group , a company listed on the STAR Segment of the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A., while the remaining 15.9% is being sold to the HAT Technology Fund 5 investment fund, HAT SGR’s fifth private equity fund dedicated to technology companies with high growth potential.

The transaction entails Genesy Group becoming a major shareholder of TXT e-solutions S.p.A.

Webgenesys governance will remain in the hands of current management. Antonello Posterino and Raffaele Primo, with their experience and expertise, will continue to lead the company and will be responsible for implementing Webgenesys’ new medium- and long-term business plan.

Joining the TXT Group will further boost Webgenesys’ growth path. TXT is an international Global Digital Enabler and end-to-end provider of software solutions, consulting and services to support the digital transformation of products and processes. With a portfolio of proprietary software and specialized vertical solutions, the TXT Group operates in various markets, with a growing presence in the aerospace, aviation, defense, industrial, government, and fintech sectors. 

In the public sector, with the consolidation of Webgenesys, the total value of public tenders awarded by the Group for the period 2025-2028 is more than 350 million euros, making the TXT Group one of the future key players in the market.

As a native digital enabler, Webgenesys will have leadership in the execution of TXT Group’s digital offering for the Public Sector, complementing TXT’s Digital Advisory offering. 

“Webgenesys represents a major step in our sustainable growth plan,” comments Daniele Misani, CEO of TXT Group. “With this transaction, we will integrate significant volumes and a substantial multi-year revenue backlog, expand our geographical coverage, and add complementary skills to our ecosystem of excellence. We are strengthened by a management team capable of generating value, highly motivated to support the Group’s project, with the aim of cementing our position as a leading player in digital innovation in the public sector.”

“Hat’s entry into Webgenesys gives us the first, important confirmation of the enormous investment opportunities that Italy offers in the technology sector and for our fund just a few months after its launch,” says Ignazio Castiglioni, co-founder and CEO of Hat. “We are particularly pleased to start the new fund’s investments with the entry of Webgenesys, a company that promotes the development and digital innovation of the Italian PA, alongside a fast-growing company like TXT Group,” added Adriano Adriani, Investment Director at Hat SGR. “We are proud to be able to support such a promising company at a time of great consolidation for the Italian technology sector,” concluded President Nino Attanasio.

Raffaele Primo, CEO of Webgenesys, commented on the transaction as follows: “Becoming part of such a dynamic and fast-growing group in the Italian and international IT scene is a source of pride for us and confirms the quality of the work done over the years. Our growth path, which is already very solid, will gain further momentum by benefiting from the synergies that the TXT Group can provide.”

“In addition to the industrial benefits of the transaction, there is also an important investment by Webgenesys shareholders in TXT’s shareholding structure, with the aim of further strengthening the management group’s position and commitment,” concludes Antonello Posterino, Webgenesys president.

Webgenesys was assisted in the transaction by financial advisor Lyra Partners, which handled the sale with the team consisting of managing partner Alessandro De Simone, senior advisor Giovanni Allavena and senior analyst Marco Barducci; by the associated law firm Simmons & Simmons , which handled the legal aspects with the team consisting of S&S partner Laura Fiordelisi and lawyers Federica Musacchia, Nicola Rabitti and Marco Businelli; by BDO Advisory Service, which handled the Financial Vendor Due Diligence with the team led by partner Ferdinando Fraschini with senior manager Bianca Varcasia and manager Lorenzo Montaruli.