TXT e-solutions S.p.A. acquired Refine Direct Srl for ?21.8 million on July 1, 2024. The transaction is expected to be closed on July 1, 2024. The consideration will be paid in cash of which ?12.1 million was paid in cash and ?9.7 million was paid through the issuance of TXT e-solutions S.p.A. shares. The transaction has been approved by the board of directors of TXT e-solutions. As of year ended 2023, Refine's reported revenues of ?16.7 million and EBITDA of ?3.4 million.

TXT e-solutions S.p.A. completed the acquisition of Refine Direct Srl on July 1, 2024.