GPI seeks advisor to scout M&A opportunities in England

GPI, the privately held Italian IT services company specialising in the health sector, is eager to make a series of strategic acquisitions, Chief Executive Officer and Chairman Fausto Manzana said. Management intends to hire an advisor to help it find suitable targets.

The first deal will be done in Chile, Manzana said, adding that GPI is conducting a due diligence for acquiring a Chilean company operating in its niche. Closing is expected by the summer, he said, without providing further details. Management is actively scouting other M&A opportunities, he added, recalling the company’s expertise in making acquisitions.