Antex, which works in human resources, and finance and administration-focused FIS were both established in the 1960s.
Argos said no bank financing was used for the deal, which would allow the companies to accelerate their organic growth and consolidate in the domestic market, the rest of Europe and the Mediterranean region.
Firm partner Jean Pierre Di Benedetto said, “In a business services company, possibly more than in other acquisitions, the main ingredient for the success of a deal is the entrepreneurial and managerial component.
“The current management team has an excellent track record, always improving in the really tough environment of the last five years.
“We are confident that management will be able to meet the ambitious business plan for the next five years.
“Contrary to others international investors, Argos Soditic is allocating growing resources to Italy, with limited recourse to financial leverage.
“We believe in finding entrepreneurial excellences able not to be correlated to the general crisis situation and capable of creating value and efficiencies for customers, especially in really hard times like the present ones.”
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