Engineering accelerates business transformation: agreements with Accenture for the sale of Alfahealth and Industries eXcellence Group

Rome, June 17, 2026 - The Engineering Group has signed two binding agreements with Accenture, for the sale of the entire share capital in Alfahealth S.p.A., which operates in the transformation of the Italian healthcare sector, and Industries eXcellence Group, active in the development and implementation of digital solutions for industrial sectors, with a primary focus on the United States and selected European markets. Together, the two assets represent approximately 18% of Engineering Group’s consolidated net revenues and 25% of its Adjusted EBITDA^[1] in 2025. 
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These transactions are a significant step forward on the ongoing strategic transformation aimed at sharpening Engineering’s focus on its core segments and further accelerating the fast-growing AI offering. 
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Aldo Bisio, CEO of the Engineering Group, stated: “The agreements mark a decisive step in Engineering’s business refocusing journey: accelerating our push on AI, regaining new degrees of strategic freedom in the highest-growth segments including through deleveraging, investing in core proprietary platforms and strengthening our position in the most attractive technological and industrial segments, with the aim of securing a sustainable competitive advantage for our clients.” 

The transactions are subject to customary conditions precedent, including among others Antitrust and Golden Power approvals, and are expected to close in Q4 of this year. The net proceeds from the sale, entirely on a cash basis, will strengthen the Group’s balance sheet providing greater flexibility to continue to pursue the ongoing strategic transformation. 

Following the positive financial results recorded in recent quarters, the Group continues along its chosen path, focusing on strengthening an industrial model centered on a higher value-added business mix and on the central role of Generative AI (GenAI). Particularly distinctive in this context is the recent launch of IS-IA (Italy’s Sovereign Intelligence Architecture) – a modular architecture built on the proprietary Large Language Model EngGPT 2, designed to provide public administrations and enterprises with sovereign AI: governable, efficient, open, and capable of integrating with other general-purpose models. 

Engineering was advised by Rothschild & Co, Intesa Sanpaolo – Divisione IMI Corporate & Investment Banking, Morgan Stanley & Co. International plc and Equita as financial advisors, and by Legance - Avvocati Associati and Ropes & Gray Studio Legale as legal advisors.

^[1] Adjusted EBITDA refers to Reported EBITDA before non-recurring expenses