Azerion Group N.V. (ENXTAM:AZRN) acquired 100% stake in Hawk SAS for approximately ?7 million on October 16, 2023. Based on the terms and agreements the consideration of ?7 million will be funded by Azerion from its cash resources and with an earn-out over the following 3 years subject to customary arrangements and capped at a maximum of just over ?20 million. Hawk reported revenue of approximately ?50 million for the year ended 2022. Lazard acted as financial advisor to Hawk SAS.

Azerion Group N.V. (ENXTAM:AZRN) completed the acquisition of 100% stake in Hawk SAS on October 16, 2023.