The Lynx Group has completed its second acquisition in less than six months, taking over 90% of the capital of Double Consulting from the Expleo Group.
Just four months after the entry of FSI and the acquisition of IOL, Lynx announces that it has acquired a 90% stake in Double Consulting, a business and technology consulting company with offices in Rome and Milan, 90% owned by the Expleo group and 10% by its founder Francesco Rosetti.
The deal allows Lynx to expand its offering, complementing the provision of cutting-edge technology solutions with process and business consulting. In addition, the merger between the two companies allows Lynx to strengthen its presence in the banking, insurance, and utilities sectors. With the addition of the approximately 120 highly specialised human resources of Double Consulting, the Lynx group has now reached 800 employees.
"Wih this acquisition, Lynx continues on its path of growth by external lines, the strategy behind the entry of FSI,” explains Matteo Moretti, CEO of Lynx.
"The acquisition of Double Consulting, following that of Insurance On Line (IOL) completed in December, is in perfect synergy with the business areas of our group. It strengthens our presence in a number of our core markets – banking, insurance and utilities – and makes us even more competitive.”
Lynx, like technology, is constantly evolving: intercepting and anticipating the major market changes imposed by new digital paradigms and verticalising its skills in high value-added business areas are core development objectives. Growth by external lines is key to achieving the Group’s objectives.
“Joining the Lynx Group means becoming part of an ambitious project to create an integrated player, from business consulting to technology consulting to product offerings” explains Francesco Rosetti, founder and CEO of Double Consulting, who will remain at the helm of the company, increasing his stake to 15%.
For Expleo, the advisor for the transaction is the company Klecha&co, assisted by the lawyers of Fieldfisher. The Legal Advisor of the Lynx Group is the firm DLA Piper, while KPMG looked after due diligence.