Safety21, a leading Italian software provider in the Smart Road and Smart City space, controlled by investment fund BU (Bregal Unternehmerkapital) Funds (“BU”), announced today that it has completed the acquisition from Kauri Group of Ge.Fi.L S.p.A., an end-to-end provider of digital services for the Public Administration, mainly focused on Smart City, Smart Mobility and Collection services.

The acquisition of GeFiL SpA and its wholly owned subsidiaries MegAsp, Elfo, and Ne-t by Telerete Nordest by Safety21 (a portfolio company of BU) aims to further consolidate its leadership in the domestic market. The transaction creates the largest Italian Group operating in the Smart Mobilty and Smart City verticals.

Safety21 therefore increasingly becomes the operational partner of reference for the Public Administration, Local Authorities and Institutions, capable of providing innovative solutions and services to accelerate and simplify processes for the benefit of citizens.

Below the complete press release with the comments of Gianluca Longo, CEO and founder of Safety21, of the CEO and founder of Kauri Holding, Enrico Del Sole, and of Valentina Pippolo partner and country head Italy of BU Italy.

Read the press release