Digital Value S.p.A. (BIT:DGV) signed a binding offer to acquire Infordata SpA from In Holding SpA for approximately ?22 million on April 19, 2024. The binding offer provides for the acquisition of 100% of the share capital of Infordata for a fixed consideration to be paid as: (i) ?10 million on the closing date of the operation ; (ii) ?6 million within the 12th month from the closing date ; and (iii) ?6 million by January 31, 2027. It is also expected that on the closing date, the seller, In Holding SpA, will subscribe for newly issued ordinary shares of Digital Value for a total value of ?6.6 million.

Infordata, together with its subsidiaries, including Eurolink Srl (100%) and Technis Blu SpA (78.8%), represents an important national group active in the sector of design and development of programs for the automation of company procedures, provision of assistance, consultancy and training services for the implementation of IT systems, the acquisition of which represents a strategic add-on for Digital Value. The completion of the transaction will be subject to, among other things: (i) the fact that the transaction is approved, not prohibited or otherwise permitted under the exemption regime by the competent authorities in antitrust , golden power and regulated markets matters, without any modification to the structure of the transaction being requested and /or condition, restriction and/or modification of behavior affecting one or more parties; and approved by the competent Digital Value bodies; (ii) the failure to occur of acts or facts that constitute a material adverse change in relation to the activity carried out by the target group; (iii) the sale of the shareholdings held by the target group in Eyeris Srl and Green Digital Tech Srl, as well as the sale or termination of some contracts currently in place of the target group. The operation will provide for a non-competition and non-solicitation obligation on In Holding and its shareholders for a period of 3 years starting from the closing date.

The transaction is subject to the drafting of the relevant binding and definitive contracts (including the share purchase contract), to the satisfaction of all parties.