Nexi S.p.A.

Nexi, a lesser-known name, belongs to the main European Software and IT Services group which includes Adyen, Amadeus, Atos, Avast, AVEVA, Capgemini, Computacenter, Dassault, Micro Focus, Nexi, Sage, SAP, SimCorp, Software, SoftwareONE, Temenos, TietoEVRY, and Worldline. After Nexi received antitrust approval in regards to the Nets merger, we think a closing could occur sometime in Q2, while on SIA a closing is expected in the latter part of the year. The company cost control should be positive in the absence of much travel and marketing activities in the last few months due to COVID-related restrictions.