A Strategic Acquisition strengthening Syscom Prorep’s presence in Italy and Europe
- Syscom Prorep, a French specialist in the promotion, distribution, and integration of technical electronic solutions, has acquired GSR Technologies, an Italian company developing and delivering high-tech electronic solutions with a focus on customer-driven innovation.
- Founded through the merger of several SMEs with complementary expertise, Syscom Prorep Group is a key player in value-added component distribution and electronic sub-assembly integration. Serving over 1000 customers developing technological equipment, the Group leverages a broad network of partner suppliers. Backed by Siparex since 2021 and Initiaves & Finance since 2024, Syscom Prorep has grown significantly, generating pro forma revenue of approximately €60 million.
- Established in Lissone in 2010, GSR Technology Italy specializes in high-tech solutions such as LCD and OLED displays, touch interfaces, embedded systems, wireless modules, power supply units, and ODM services. The company offers end-to-end consulting from initial product development to integration, providing modern, customizable designs tailored to client specifications across industrial and professional markets.
- The acquisition of GSR Technology Italy strengthens Syscom Prorep’s presence in Italy and expands the Group’s commercial footprint in France, Belgium, and the Netherlands. It also advances the Group’s ambition to become a leading European player in the integration and distribution of electronic sub-assemblies and components.
- Welcoming GSR Technologies allows the Group to broaden its range of products and services for clients, including:
- Displays solutions (Monitor, LCD, OLED, e-paper)
- HMI interfaces and embedded solutions (SBC, SOM, memories)
- Innovative sensors and related solutions
- In-house R&D capabilities
- Emanuele Galbiati, founder of GSR Technology Italy, is joining the joint project and will lead the Group’s Italian operations, ensuring continuity, expertise, and a shared vision.
A Transaction supported by ALTIOS Corporate Finance
- Altios Corporate Finance advised Syscom Prorep on the transaction for the purchase of GSR Technology Italy.
- The mandate consisted in coordinating due diligence and assisting with the negotiation of the contractual documents (SPA and SHA) in cooperation with the sellers’ advisors, in accordance with the parties’ agreements and the requirements of Italian law.
- The role of Altios Corporate Finance:
- Due diligence coordination
- Commercial Analysis of the Target
- Support in negotiating SPA & other contractual documents
Client Testimonial — Syscom Prorep
“We greatly valued Altios International’s support throughout the acquisition of GSR Technology Italy. Their cross-border expertise and ability to coordinate each stage of the process were instrumental. This collaboration enabled us to complete the transaction under the best conditions, fully aligned with our European growth strategy.”
Régis du Manoir
Chairman – Syscom Prorep
Advisor Testimonial — ALTIOS Corporate Finance
“We are pleased to have completed this second acquisition for Syscom Prorep, strengthening its presence in Italy and across Europe. Shared values with GSR Technology Italy and the complementary activities of both companies will create strong synergies and support the Group’s growth and vision.”
Mirko Mottino
Managing Director — ALTIOS Italy
Participants
Buyer’s advisors :
- Altios Corporate Finance (M&A) : Mirko Mottino, Alexandre Kaplan, Elia Laurent, Léa Roux
- Castaldi Partners (Legal) : Gaspare Dori
- Studio Clas (Tax and Financial)
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
