Green Arrow SGR buys majority of Labware
The Company is active in the production of integrated systems for the point of sales in the foodservice and retail business
Green Arrow Capital SGR Private Equity Team finalized the acquisition of the majority of LABWARE, an Italian company based in Civitanova M. (Macerata- Italy), which has been active for over 20 years in the production of integrated systems (called “E-POS”) for the point of sales in the foodservice and retail business. No financial terms were disclosed.
The company, born has a hardware producer, over the years has developed an integrated system of hardware and software, including all the devices needed for the point of sales (cash register, handheld terminals, fiscal printers) able to support management applications and all other necessary devices for the point of sale management. Labware also offers a series of customizable APPs for the monitoring of the point of sale, the retention and analysis of customer data (data analytics). This integrated solution has been present on the market since 2010 and allowed Labware to achieve a leadership positioning in its market with significant margin, realizing its turnover mainly in France and residually in Italy.
Green Arrow Private Equity Fund 3 aims to develop the company enhancing its growth providing the necessary support strengthening its managerial structure and consolidating its international presence.
Daniele Camponeschi, Green Arrow Capital Founding Partner and SGR CIO has commented: “We are delighted to have realized this new deal that allows us to recall more than 50% of the Fund’s commitment by keeping on increasing in our portfolio the number of Italian excellences with a strong international presence. Also Labware is a good example of which the Fund can contribute not only financially but also providing managerial and organizational support, in order to accelerate the company growth, thus creating a positive impact on the real economy “.
Paolo Pagnanini, Founding Partner and investor of Labware has declared: “With the Fund’s entry into the Labware capital structure, we are confident to have a strategic partner by our side to increase the market position of the company and to have the capabilities to further develop of the technological advantages of our integrated systems also in new market segments”.
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