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Dedagroup goes shopping in the US

by Andrea Biondi

Dedagroup ICT, the Trento-based network that combines 14 companies specializing in the production and management of ICT (information and communications technology) solutions, bought EPL Inc., an American company that specializing in providing data for credit unions.

EPL Inc has been active on American markets for 38 years with a turnover of €16 million euros.

Dedagroup - with €200 million in turnover, and 1,700 employees - is eying more expansion. It said at the end of last year when it issued a bond loan of €10 million (lasting 5 years) that it aimed to finance growth in its 2014-2017 business plan.

Dedagroup's export share is 10% of sales. Despite the group's software and solutions headquarters being in Trento, it operates in 35 countries.

“Sometimes the projects are dealing with quite small figures,” explains Gianni Camisa, Dedagroup CEO. “Hence our share of exports is still low.”

As for the expected targets for the 2017 business plan, “We are aiming to get up to €300 million in turnover,” continues Camisa, “ with an export share of 20% and a return to profit in 2015.”

The company lost €5 million in 2013, “which was the result of the acquisition of a company that is now back on track,” said Camisa.

In the future there could also be a listing on the Italian Stock Exchange.

“We might consider this over the next two years even if we don't see it as particularly necessary,” concludes the CEO of Dedagroup, which is controlled by the Podini family holding which owns the MD and LD Discount market brands.

In the meanwhile, Dedagroup is expanding internationally, to pursue a strategy that has seen the opening of branches in different countries and regions, including France, Mexico, the Middle-East.

“In the future,” Camisa concludes, “we are looking very closely at Cuba.”