December 26, 2014 6:20 PM ET

IT Services

Company Overview of SIA S.p.A.

Company Overview

SIA S.p.A., along with its subsidiaries, engages in the design, creation, and management of technology infrastructures and services for financial and central institutions, capital markets, commercial banks, corporates, and public administration bodies in Europe and internationally. It offers network services, including connectivity and messaging services; and payment systems and services for supply financial chain optimization and strategic outsourcing. The company specializes in offering fixed, mobile, and satellite telecommunications networks; and offers citizens and businesses multi-channel collection and payment services for utility bills and postal payment slips, as well as for pre-paid...

Via Gonin, 36

Milan, MI 20147

Italy

Founded in 1977

Phone:

39 02 60841

Fax:

39 0260 84 39 20

Key Executives for SIA S.p.A.

Chief Executive Officer and Director
Age: 57
Senior Vice President of Operations
Age: 52
Senior Vice President
Age: 47
Senior Vice President of Central Institutions
Age: 56
Senior Vice President of International
Compensation as of Fiscal Year 2014.

SIA S.p.A. Key Developments

SIA Mulls Acquisitions

SIA S.p.A. is seeking acquisitions. Massimo Arrighetti, Chief Executive Officer of SIA, told business daily MF-Milano Finanza, "SIA will seek to grow in both Italy and outside Italy, also via acquisitions." Arrighetti added, "However, SIA will not buy competitors since their value is exaggerated; it would rather buy client portfolios of other companies or bank payment management services considered non-core since they are not profitable enough." Arrighetti also said that buying competitors at exaggerated values does not make sense for SIA.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 24, 2014
Xchanging Italy S.p.A.
 

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