ETL Italia, the joint venture created by ETL GLOBAL and NexumStp, has acquired an undisclosed stake in Studio Vicarioli Pistone & Partners, an Italian practice specialising in accounting and tax services.
Studio Vicarioli Pistone & Partners is based in Canelli, in the Asti province, and has been operating for more than 40 years. It works with clients across the Asti and Langhe areas and also supports overseas investors, with a particular focus on clients from Northern Europe.
The company will continue to operate with its existing leadership. Founder Maria Antonia Pistone will keep her equity interest and remain in charge of management.
Through this transaction, ETL Italia increases its presence in a strategically important region.
ETL Italia chairman Massimo Nardini and NexumStp managing partner said: “Studio Vicarioli Pistone & Partners is an example of professional excellence deeply connected to its territory.
“Their entry strengthens our group and confirms our growth strategy, based on expertise, continuity and international integration.”
The deal is part of ETL GLOBAL’s broader consolidation in the Italian market, aimed at improving support for domestic companies and cross-border investors via its international network.
ETL GLOBAL chief investment officer Johannes Struckmeier said: “This transaction confirms ETL Italia’s desire to grow selectively in the most strategic areas of northern Italy, investing in high-quality businesses with strong local roots.”
Last month, ETL GLOBAL expanded its presence in the Czech Republic by bringing in Suldovský a partneři.
The company, led by Pavel Suldovský, offers accounting, tax and payroll services, with an emphasis on digital tools and strategic advisory work.
In January, ETL GLOBAL widened its activities in South America through the integration of H2K Auditores e Consultores in Brazil. Based in Barueri, São Paulo, H2K Auditores e Consultores provides audit and consultancy services to small and medium-sized enterprises.
“ETL Italia takes stake in Italian accounting practice” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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