Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for transaction value of $2 million on October 13, 2020. Under the terms of the transaction, Bittnet will pay the consideration in a mix of cash and Bittnet shares. Softbinator reported revenues of $1.5 million (RON 6.2 million) in 2019. The transaction is subject to the approval of the Extraordinary General Meeting of Shareholders of Bittnet in November 2020.

Bittnet Systems SA (BVB:BNET) completed the acquisition of 25% stake in Softbinator Technologies SA in December, 2020. Shareholders of Bittnet approved the deal. Daniel Ilinca received 5.8 million shares and Andrei Pitis received 1.5 million shares.