The acquisition, whose price for the 51% stake was €400k, will enable Be Think, Solve, Execute to add mobile knowledge to its offering.
Created by brothers Fabio Lalli and Mirko Lalli in 2011, IQUII specializes in development of web and mobile applications, design of “wearable and Internet of Things solutions. The firm also provides services Social Media management, Integrated Marketing and Digital PR services.
Customers include Original Marines, BNL BNP Paribas, Newfoundland, Doctors Without Borders, as well as sports federations such as Italian Rugby Federation and the Italian Tennis Federation.
In 2015, the company had a turnover of approx. €587k. In 2016, IQUII expects to reach a production value of €1.1m.
Following the deal, Fabio and Mirko Lalli will continue to maintain the operational governance of the company. The deal also establishes two consequent put/call options to acquire a further 29% by 2021 and to achieve, in 2025, 100% of the capital with the acquisition of the remaining share capital.
Led by Stefano Achermann, CEO, Be Think, Solve, Execute provides business consulting, Information Technology and process & document management services. The company has around 1,100 employees across offices in Italy, United Kingdom, Germany, Austria, Switzerland, Romania, Poland and the Ukraine.