Soluciones Cuatroochenta S.L. acquired Iris Ekamat Sl for €4.4 million on November 19, 2020. Under the transaction, the consideration will be paid as fixed amount of €3.88 million and variable amount of up to €0.5 million subject to the turnover of 2020 and 2021. Said amounts will be paid in cash, except for €0.08 million, which will be paid in shares of Cuatroochenta through a capital increase by offsetting credits. The 40 Ekamat employees are integrated into the Cuatroochenta structure. For the year ended December 31, 2019, Ekamat reported net turnover of €4.7 million. Soluciones Cuatroochenta S.L. completed the acquisition of Iris Ekamat Sl on November 19, 2020.