MILAN, Oct 20 (Reuters) – Italy's Tinexta is looking for potential acquisition targets in Italy and abroad, the digital services group's chief executive said on Wednesday, mentioning in particular Spain, Germany, France and Great Britain.
Tinexta (TNXT.MI), which provides services including electronic invoicing and digital signature, is controlled by some Italian chambers of commerce.
The group also has cyber security, credit information as well as management and advisory services units.
In an interview with Reuters, CEO Pier Andrea Chevallard said the group targeted digital services or advisory companies outside of Italy.
On its home turf, Tinexta is also exploring potential deals in the cyber security sector, after it created a new unit last year following the takeover of three small companies.
"We need to expand our services and we can do this quickly only through acquisitions", Chevallard said.
He expressed confidence the group would reach its 2021 targets which project revenues at 370 million euros and core profit at 96 million euros.
Italy's Recovery and Resilience Plan (PNRR), which allocates 40 billion euros to speed up digital progress in the country, will boost Tinexta's business, Chevallard said, adding that it was too early to quantify the impact on revenues.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Britain's competition regulator has fined Facebook 50.5 million pounds ($69.6 million) for breaching an order imposed during its investigation into the U.S. social media giant's purchase of GIF platform Giphy, the agency said on Wednesday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved