Digital360 S.p.A. (BIT:DIG) signed a binding agreement to acquire 51% stake in Emprendimientos Aereos S.R.L. from Simone Battiferri and Fabricio Riccitelli for €0.4 million on January 25, 2022. The consideration of €0.4 million will be payable in cash at closing. For the year ended March 31, 2021, Emprendimientos Aereos recorded revenues of approximately €1.1 million and EBITDA of approximately €0.09 million. Fabricio Riccitelli has been appointed as director of Emprendimientos Aereos and will continue to perform his role as Chief Executive Officer for at least 3 years from the acquisition.

Digital360 S.p.A. (BIT:DIG) completed the acquisition of a 51% stake in Emprendimientos Aereos S.R.L. on December 7, 2022.