Abaco

Taste of Italy invests in Abaco, a software house devoted to precision agriculture

Ethica Corporate Finance advised the shareholders of Abaco, a leading European provider of software solutions for the management and control of territorial resources, mainly geared towards precision agriculture and environmental sustainability, in the sale of the majority stake to Taste of Italy, the Italian private equity fund focused on food&beverage and agribusiness managed by DeA Capital Alternative Funds SGR.

Alberto Iori – founder of Abaco – will continue to operate in the company in the role of Chairman with executive remit in the context of strategic development and product innovation maintaining a 30% quota along with the other directors.

Abaco was founded in Mantova in 1990 and is a renowned player throughout Europe in the space of software solutions for management and control of land resources. The main focus is precision agriculture and environmental sustainability. Abaco software packages are based on a proprietary platform and are able to archive and process geospatial data and information with regard to land use from a technical and administrative standpoint.

Alberto Iori commented: “It has been a pleasure to work alongside Ethica’s team, which supported us in identifying the right partner for the new phase of Abaco’s development and growth. The competence demonstrated in these months has ensured the success of the transaction, yielding a relationship that I am sure will continue beyond the specific deal, with an eye also for future M&A activities that Abaco could undertake.”

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