Summary
- TXT will acquire 88% of FMA Investment Holding at closing.
- FMA owns three businesses covering IT infrastructure, data centre management, and application development.
- TXT can acquire the remaining 12% after approval of FMA's 2028 accounts.
Italian technology group TXT e-Solutions has agreed a phased acquisition of FMA Investment Holding, adding businesses specialising in IT infrastructure and data centre management to its digital-infrastructure portfolio.
TXT will acquire 88% of FMA Investment Holding at closing, with the remaining 12% subject to a call option that can be exercised after approval of FMA’s 2028 financial statements.
The transaction is expected to complete by the end of TXT’s current financial year, subject to customary conditions and completion of a corporate reorganisation. Financial terms were not disclosed in the transaction announcement.
FMA Investment Holding owns PipeGrep, B2B, and Flag. The group provides IT infrastructure and data centre management services alongside turnkey application development.
TXT is headquartered in Milan and listed on the STAR segment of the Italian Stock Exchange. The company operates across a broader range of technology markets, including aerospace, defence, industrial, government, financial technology, telecommunications, and healthcare.
The FMA deal therefore adds another infrastructure-services component rather than a conventional software acquisition. Managing live data centre environments carries recurring operational requirements around availability, hardware, networks, security, maintenance, and customer support that sit closer to physical infrastructure than much of TXT’s existing technology portfolio.
The acquisition also reflects continued consolidation among specialist European technology and infrastructure-services providers. As data centre estates become more distributed and operationally complex, larger service groups can combine application, network, infrastructure, and facility-adjacent expertise under broader managed-service contracts.
TXT described the transaction as part of its strategy to strengthen its position in digital infrastructure through acquisitions. The staged structure leaves part of the consideration tied to the acquired group’s performance through the approval of its 2028 accounts.
Completion will depend on the outstanding reorganisation and customary conditions. Once closed, the practical measure of the deal will be how FMA’s data centre management capabilities are integrated with TXT’s wider European services business and whether the group uses the platform for further infrastructure acquisitions.
