Havant signs agreement to acquire Intesa

Havant (formerly SB Italia), a Digital Innovation Company with over 20 years of experience and a recognized leader in digital transformation and process digitalization solutions, operating in six countries and backed by Argos Fund, announced today the signing of an agreement to acquire In.Te.S.A. S.p.A. (“Intesa”), a Benefit Corporation specializing in digital solutions for business process management and trust services. Intesa is a currently non-core-business of Kyndryl, the world’s largest IT infrastructure services provider.

Closing of the transaction is expected in the coming weeks, subject to customary closing conditions.

This acquisition will mark a milestone in Havant’s growth journey and establishes a Group with a natively integrated, end-to-end offering for business process digitalization: from Intelligent Document Processing (IDP) to qualified electronic signature, from digital identity to EDI exchange, up to Artificial Intelligence applied to processes, advanced Data Governance, and compliant digital archiving. This breadth of capabilities and solutions is currently offered by only a few players in Europe within a single, integrated technological ecosystem.

Founded in 1987, Intesa is now recognized as a Qualified Trust Service Provider under the eIDAS Regulation. It operates through four proprietary platforms — Intesa Sign, Intesa Hive, Intesa ID and Intesa CMS — covering the entire value chain of electronic signature, digital identification, EDI exchange, e-invoicing and compliant document archiving. Intesa is also among the most advanced Italian players in the development of the European Digital Identity Wallet, having already been a member of the Potential Consortium and now part of the WE BUILD Consortium — and provides its technological and compliance contribution to leading European initiatives.

The integration with Havant’s capabilities — including applied Artificial Intelligence, Intelligent Document Processing and regulatory compliance — will bring to market a unique digital ecosystem: complete, interoperable by design and compliant with the full European regulatory framework (eIDAS 2.0, DORA, AI Act, GDPR).

“The acquisition of Intesa will complete Havant’s strategic vision: supporting companies throughout the entire lifecycle of digital processes, from signature to data, from certified identity to artificial intelligence. Together with Intesa, we are bringing to market an offering that, in Italy today, is unmatched in terms of breadth, technological depth and regulatory compliance.”

— Massimo Missaglia, Founder & CEO, Havant

“This is not just scale: it is an acceleration of our plan. Integrating Intesa’s excellence in digital trust and digital identity with our capabilities in ECM, AI and business process digitalization enables us to position ourselves as a single end-to-end partner, supporting clients from electronic signature to archiving, from eIDAS 2.0 compliance to the enhancement of information assets through AI. This transaction anticipates by one investment cycle what the market will demand in the coming years.”

— Pietro Lanza, Managing Director & Board Member, Havant

The transaction will create a group with unique and complementary capabilities. Intesa brings a top-tier client portfolio across financial services, automotive, energy & utilities, manufacturing, retail and healthcare, as well as a strong set of certifications attesting to its technical excellence: eIDAS QTSP, ISO 27001, ISO 27017, ISO 27018, ISO 9001, ISO 37001, AgID qualified conservator, SPID and CIE service provider, Certified PEPPOL Access Point, member of the Adobe Approved Trust List and the Cloud Signature Consortium.

Havant Group’s strategy will be built on four pillars: business process digital transformation, digital signature and identity, Intelligent Document Processing, applied Artificial Intelligence and advanced Data Governance, and advanced digital trust services compliant with eIDAS 2.0 and the European digital identity ecosystem. The goal is to establish the Group as a leader in supporting Italian and European companies with their sustainable, secure and measurable innovation journeys.

“Havant’s growth confirms the strength of our investment paradigm: an Italian entrepreneurial project that, in just a few years, has evolved from being a national leader in process digitalization to becoming an integrated European player in the trust economy. The acquisition of Intesa is the most significant transaction completed with Havant: it adds high-quality recurring revenues, proprietary technology and a blue-chip client base, in a structurally growing market supported by the new European regulatory framework.”

— Andrea Pavesi, Partner, Argos Fund

“Joining Havant will open an extraordinary new chapter for Intesa, enhancing over thirty-five years of history in digital trust. In a rapidly evolving market, combining our expertise with Havant’s technological strength, together, we will drive European digital transformation, ensuring our clients continuous innovation and the reliability they have always trusted.”

—Giuseppe Mariani, General Manager, In.Te.S.A. S.p.A.

The transaction will strength Havant’s growth trajectory, which by the end of 2025 exceeded €70 million in revenue with EBITDA growth of 39.7%, and aims to surpass €100 million in revenue and 1,000 employees by the end of 2026, continuing its European consolidation path following the acquisitions of Archive-IT, itAgile, Doxinet and Seta.