Livingstone acted as financial advisor to Lynx S.p.A. (“Lynx”), an Italian Digital Enabler specialized in the design and implementation of solutions to support large organizations operating in the utilities, banking, insurance, industry and public administration sectors, on the acquisition of a 75% stake in Temsi. Temsi’s historical shareholders retain a 25% stake and will continue to be fully involved in the company’s day-to-day operations.
Founded in 1978, Temsi is a highly specialized player in process engineering serving the industrial, retail, and large-scale retail sectors. The company focuses on performance measurement and on improving the productivity of people, machines, and processes. Through a hands-on, operational – rather than traditional consulting – approach, Temsi’s teams work directly on site in manufacturing plants, warehouses, logistics centers, and retail locations, in close collaboration with clients’ management teams to deliver tangible, measurable, and sustainable results. The company employs approximately 60 professionals, is headquartered in Bologna, and is also present in Brazil through its subsidiary Alterego, in which it holds a 70% stake. The remaining 30% is held by Marco Lupi, founder and CEO of Alterego, who will continue in his role, ensuring managerial continuity and a strong presence in the local market, thereby further strengthening Lynx’s footprint in Latin America.
Roberto Fasani, confirmed as CEO of Temsi, commented: “Temsi’s entry into the Lynx Group opens a new phase of growth and development for our company. In Lynx we have found a solid, strategic partner whose technological expertise and long-term vision align perfectly with our know-how in process engineering. This partnership will allow us to deliver increasingly efficient and innovative solutions to our clients, accelerate growth, and generate tangible value for both organizations.” Fasani, together with the historical shareholders, will retain a 25% stake, ensuring operational and strategic continuity.
Lynx’s entry into Alterego, through Temsi, represents a fundamentally strategic step in the evolution of our company,” stated Marco Lupi, Founder and CEO of Alterego. “Becoming part of a group such as Lynx means accelerating our growth trajectory in the Brazilian market, which is highly competitive and widely recognized as one of the world’s leading laboratories for digital innovation.
The acquisition of Temsi concludes a year of intense M&A activity for Lynx. Throughout 2025, the Group strengthened its technological and organizational capabilities through targeted transactions, including the acquisition of Digix in June, operating in the areas of Strategic & Project Portfolio Management (SPM) and Customer Relationship Management (CRM); the acquisition of Intesys and its Networking division in July, active in system integration and digital transformation, together with Linkalab, a laboratory specializing in Artificial Intelligence and Data Science; and, in August, the acquisition of Ímpar in Brazil, which consolidated its presence in a rapidly growing strategic market.
“With the acquisition of Temsi, we continue Lynx’s growth path in highly specialized services for the industrial sector. The objective of this investment is to integrate organizational and process engineering capabilities with our technological offering, supporting companies in achieving concrete and effective operational improvements. Thanks also to the contribution of Temsi and Alterego, we further strengthen the Group’s ability to bring technological innovation directly into operational environments, generating measurable value across the entire industrial value chain,” said Matteo Moretti, CEO of the Lynx Group.
“We are pleased to have once again assisted the Moretti brothers in a landmark transaction, following the successful operation completed with Carlyle Global Credit. This deal further confirms the strength of our long-standing relationship and our continued commitment to supporting ambitious entrepreneurs in strategically significant transactions,” added Luca Maccagnani Castelli, Managing Partner at Livingstone.
