(Alliance News) - Datalogic Spa announced Friday the sale of its entire stake in Informatics Holdings Inc.

Informatics is a company active in the marketing and distribution of software products and solutions dedicated to small and medium-sized companies based in Plano, Texas. Datalogic's stake passes to a subsidiary of U.S. private equity firm Renovo Capital LLC for USD34 million.

Valentina Volta, chief executive officer of Datalogic Group, commented, "We are pleased to have successfully completed the divestment of Informatics, a company that joined the group back in 2005 and has always been engaged in a business separate from that of Datalogic. With the divestment of Informatics, Datalogic now becomes a group fully focused on pursuing a growth strategy in the core business of automatic identification and industrial automation and the development of high value-added solutions in this field."

"In addition, the proceeds from the transaction enable the group to obtain additional financial resources to be put at the service of growth, both organically and through M&A. We would like to thank the management and employees of Informatics for their commitment over all these years as part of the Datalogic group and for contributing to the success of the transaction. We are confident that the new shareholder will be able to make the most of the long-term growth potential of the company and its people."

Datalogic's stock is up 2.7 percent to EUR5.88 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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