Between Industrial Design and Internet of Things: Alkemy Enters the Capital of Design Group Italia with Initial 20% Stake
Summary
DGI – with a team of 75 professionals from 16 nationalities – works in various sectors around the world ranging from digital health to consumer products, from luxury international resorts to the Internet of Things. “The acquisition of DGI has a highly strategic meaning, and is part of Alkemy’s plan to activate the innovation and change processes of client companies through all the physical and digital interaction channels and through all the elements of the offer, whether they are services or physical products“, stated Duccio Vitali, Chief Executive Officer of Alkemy S.p.A.. “The experience developed by DGI in implementing strategic design solutions that combine design thinking with customer-tailored project management, together with the multidisciplinary approach that characterizes both our realities – all of this perfectly fits within Alkemy’s culture. These bridges, this uniqueness between technology and humanism, are essential to ensure the current and future success of the products and services we develop for our customers.” The initial 20% of DGI’s share capital will be purchased by Alkemy on the basis of an overall valuation of the Company equal to 7x the adjusted1 Ebitda 2018. “This acquisition meets Alkemy’s guidelines on inorganic growth: it is, in fact, an overall counter-dilutive operation, in several tranches, but above all it is a transformational deal, in the sense that it projects Alkemy beyond the boundaries of digital services, redefining, as it already happened in 2012, a new competitive space within which it will operate and continue its project of growth.” The responsibility for DGI’s ordinary management will remain in the hands of DGI’s members, providing for Alkemy veto power on extraordinary subjects, starting from the first closing. DGI was assisted by Lawyers Paolo Grandi and Paola Iacovino of R&P Legal Studio and by Stafano Siglienti of Vintage Capital S.r.l.. *** Born in 2012 thanks to a group of entrepreneurs who had gained significant experience at leading international companies in the world of business consultancy and technological innovation, Alkemy S.p.A. works to improve the market position and competitiveness of large and medium-sized companies — innovating and transforming their business model according to the evolution of technology and consumer behaviour.