The company controlled by BU Funds further consolidates its leadership in the domestic market by creating a Group with a 2022 expected turnover of more than € 65 million
Safety21, an Italian software provider in the Smart Road and Smart City space, controlled by investment fund BU (Bregal Unternehmerkapital) Funds has completed the acquisition from Kauri Group of Ge.Fi.L, an end-to-end provider of digital services for the Public Administration, mainly focused on Smart City, Smart Mobility and Collection services.
The first acquisition by Safety21 (a portfolio company of BU) creates the largest Italian Group operating in the Smart Mobilty and Smart City verticals, with more than €65 million of expected revenues in 2022. The acquisition is in line with the growth strategy designed with the support of BU, leveraging the unique features of Safety21’s technological platform and its innovative service offering for sustainable mobility, aimed at accelerating the evolution process towards the Smart City concept.
“We are pleased to welcome Ge.Fi.L, a company with more than twenty years of history and presence in the Public Administration, to the Safety21 Group. The acquisition and successful integration of Ge.Fi.L and its wholly owned subsidiaries MegAsp, Elfo, and Ne-t by Telerete Nordest will allow Safety21 to significantly expand its domestic and technological footprint. We are also honoured to welcome more than 100 highly specialized industry professionals to the Safety21 team”, said Gianluca Longo, CEO and founder of Safety21.
“In view of Safety21’s significant expansion prospects in the domestic and the international markets, our Group decided to reinvest a minority stake in the transaction, well aware of the uniqueness of this project within the domestic and international landscape”, added Enrico Del Sole, CEO and founder of Kauri Holding.
“Adding a valuable player like Ge.Fi.L into Safety21 group was part of the buy and build strategy devised with Gianluca Longo and Safety21 management team, and further strengthens company’s well-established position of largest Group in Italy within the Smart City space, and will allow the Group to continue both the growth plan and the internationalisation of Safety21's virtuous model”, said Valentina Pippolo, Partner and Italy Country Head of BU Italy.