ROME -- Italian fintech company Airtime Partecipazioni Spa has agreed to buy German messaging technology start-up Engy Solutions, aiming to strengthen its position in the market for communication services via SMS and platforms such as WhatsApp and Telegram.

 Airtime, which is listed on Euronext Growth Paris, will acquire 100 percent of Engy Solutions' shares for 30 million euros. The German company owns a multi-channel platform that will allow Airtime to integrate further services for Mexedia, the new division of the firm dedicated to the business services market.

 “The acquisition is the first step of the Mexedia project, created to offer innovative technological solutions to companies,” explained Airtime COO Paolo Bona. "We are at a crucial stage of our growth plan, which will see more than 50 million euros of investments in the next two years."

 Engy Solutions works with some of the most important international wholesale players in the world of messaging. It had a turnover of 6 million euros in 2021, up 48 percent compared to the previous year, and an EBITDA margin of 34 percent.

 "Through our involvement with Airtime, Engy will be able to grow further and reinforce its role in the market," said Engy Solutions ’Managing Director Axel Bernhard. "We are happy to work together on the development of Mexedia and to become part of this team which is disruptively innovating our market."

 Mexedia is a single integrated technological ecosystem that provides a set of services, delivered in the cloud and through API, which manage all the phases of businesses' interaction with customers, through every channel and device, using automation, artificial intelligence, and specialized personnel in contact centers.

 Airtime CTO Gianluca Granero said the platform that Engy Solutions had developed over the last three years was characterized by its scalability. "The platform is built according to standards that ensure easy evolution and maintenance, and so it does not have what is technically called technological debt," he explained, adding that the acquisition was "perfectly compatible and complementary with the activities of Airtime."

 

 

ln