Sifar Group joins into Esprinet

We are proud to announce the entry of Sifar Group into the Esprinet S.p.A. a leader in Southern Europe in consulting, sales and rental of technology products and IT security. As before, we will continue to support our customers and this great synergy will lead us to offer even more advanced products and services in the world of repair.

Concorezzo (Monza Brianza), 2 August 2023
Esprinet S.p.A., public company listed in the Italian Electronic Stock Market of Borsa Italiana and parent company of the homonym leading Group in Southern Europe in advisory services, sale and rental of technological products and cybersecurity, today has acquired the 100% of the share capital of Sifar Group S.r.l.. Sifar Group S.r.l. will be maintained as a separate legal entity within the Esprinet Group. To ensure business continuity, the two partners, Messrs Giovanni and Andrea Sibilla, will maintain executive roles and managing functions, together with their 23 employees whose collaboration the company takes advantage and keeping unchanged the current headquarter.

Alessandro Cattani, CEO of Esprinet Group:
“The acquisition of Sifar is framed not only in the broader strategy outlined in the 2022-2024 Strategic Plan of ESPRINET of focusing on high margin business lines - the EBITDA profile of Sifar is over 10% - but also in relation to the strong engagement of our Group towards ESG principles, seizing all the opportunities that can be integrated into our sustainability strategy, including investments in environmentally friendly products and services. The distribution of components and spare parts for the repairing of smartphones and tablets aims at extending products life cycle, helping to minimize the generation of electronics waste and meeting the new needs of the circular economy. This operation, moreover, adds an important piece to EspriRent project, that, in the future plans of the Group, will also include the management of the refurbishing of the returned products at the end of the rental period”.

The two partners of Sifar Group, Messrs Giovanni and Andrea Sibilla remarked:
“We have always looked into the future with the aim at including our company into a big Group that could allow us to further grow and develop both in Italy and abroad. To be part of this structured Company, with great financial, managerial, and organizational skills is a source of satisfaction. We are excited to share our experience and know-how for the achievement of ambitious goals”.

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