According to Vice President Emanuele Angelidis in an interview, the sectors under scrutiny are those \u201cexperiencing strong growth,\u201d such as \u201cprivate healthcare, logistics, banking, and insurance\u201d<\/p>\n\n
Solid organic growth of up to 10% annually in revenue and a robust M&A plan that calls for acquired revenue of<\/strong> between 45 and 60 million euros between 2026 and 2028<\/strong>. These are the foundations of the three-year plan, which should enable Sys-Dat to double in size (from approximately 90 million euros in revenue in 2025 to a pro forma range of between 164 and 179 million euros, including acquisitions) with the aim of consolidating its position in Italy. Emanuele Angelidis<\/strong>, vice president of the Sys-Dat Group\u2019s ICT division\u2014which develops proprietary software for vertical markets\u2014explained this in an interview with Radiocor. <\/p>\n\n A focus on M&A opportunities<\/strong> has always been an integral part of Sys-Dat\u2019s DNA. Founded in 1977, the company\u2014now led by the Neuroni family\u2014started in the fashion industry before expanding into various other sectors and continued its growth by acquiring other small, similar companies,\u201d says Angelidis. It was precisely this desire to \u201caccelerate\u201d acquisitions, along with the desire \u201cto test itself in the market transparently,\u201d that led the group to list on the Milan Stock Exchange in 2024, specifically on the STAR segment of Euronext Milan. Today, two years after its IPO\u2014which raised over 32 million euros\u2014Sys-Dat has completed six M&A transactions totaling approximately 37 million euros in acquired revenue<\/strong>, of which about 7 million euros were generated in the first quarter of 2026. <\/p>\n\n This year, on the other hand, has gotten off to a good start with the acquisition of Et.ics and Technis Blu<\/strong>, \u201ctwo companies that perfectly match the profiles we usually look for,\u201d says the group\u2019s vice president. The first, in fact, \u201cwill allow us to enter a new market where we currently have no presence\u201d\u2014namely, the market for on-site personnel management (companies with networks of maintenance technicians or strong sales networks). Technis Blu, on the other hand, will help \u201cenhance our offering from a technological standpoint thanks to its solutions, which are aimed at high-end clients.\u201d <\/p>\n\n Looking ahead, Sys-Dat has \u201ca rich, high-quality pipeline,\u201d Angelidis notes, given that \u201cthe companies we\u2019re looking for are recognized leaders in their respective sectors.\u201d \u201cWe don\u2019t engage in restructuring,\u201d the vice president clarifies, \u201cbut we want companies that are already performing quite well\u201d and with which we can implement \u201ca well-structured integration plan.\u201d The sectors under consideration are those \u201cexperiencing strong growth,\u201d such as\u201cprivate healthcare, logistics, banking, and insurance\u201d<\/strong>; as for target companies, they can \u201crange from those with a few million in revenue to larger companies,\u201d such as A&C Group, which was acquired last year. <\/p>\n\n In general, for the current three-year period, the targets call for acquisitions ranging from 45 to 60 million euros, including the approximately 7 million euros already incorporated in 2026<\/strong>. These targets are \u201cconsistent with our past experience,\u201d says the vice president, \u201cand for which the group has an investment plan ranging from 40 to 55 million euros.\u201d \u201cWe already have a significant amount of<\/strong> liquidity\u2014about 47.3 million euros<\/strong> at the end of the first quarter,\u201d says Angelidis. \u201cClearly, over the course of the three-year period, we will also generate additional operating cash flow, which will then be used primarily for M&A.\u201d <\/p>\n\n