Private equity firm Apax Partners has acquired a majority stake in Lutech, an Italian IT services and software company. The shares were purchased from One Equity Partners for an undisclosed amount.

This is technology M&A deal number 177 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.

Founded in 2001, Lutech has at least 2,600 employees, according to its website. The company specializes in digital customer engagement, next generation IT infrastructure, cloud, financial services solutions, cybersecurity, IoT, big data and e-health.

Read more/Source: Channel e2e