(Alliance News) - Ilpra Spa announced Wednesday that it has risen to 100 percent of the share capital of Eltec Srl, in which it held 51 percent.

The transaction involved the purchase of the remaining 49 percent of the capital from the historical shareholders, Elena Bossi, holder of 24.01 percent, and Luigi Bossi, holder of 24.99 percent. The total consideration for the transaction is EUR80,000, paid in cash today.

Eltec, founded in 2015 with headquarters in Gambolò and active in the automated end-of-line equipment sector, in 2022, reported a turnover of EUR668,000, an Ebitda of EUR37,000 and a positive cash position of EUR58,000.

Ilpra's stock is down 0.9 percent at EUR5.40 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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