WIIT S.p.A. ("WIIT" or the "Company"; ISIN: IT0005440893; WIIT.MI), one of the leading European players in the enterprise cloud computing services market, focused on the provision of continuous Hybrid and Hosted Private Cloud services for critical applications, announces that it has signed an agreement to acquire 100% of Econis AG a Zurich-based company.
The Chief Executive Officer, Alessandro Cozzi and the Chief M&A Officer of WIIT, Francesco Baroncelli commented:
"With this new acquisition, we continue our expansion process in Europe according to the strategic directions of the Cloud4Europe project, which will take us to be the leading company in Europe for the management of critical applications and infrastructures. More specifically, with the acquisition of Econis AG we are opening up a new market, German-speaking Switzerland, which is extremely promising in terms of business opportunities and highly synergetic with our German division. We also believe that Econis can be an excellent platform through which to integrate further targets in the region, in line with what has happened in recent years in both Italy and Germany”.
