Spineway Société Anonyme (ENXTPA:ALSPW) signed a memorandum of understanding to acquire Distimp on June 1, 2021. As of June 28, 2021, Spineway Société Anonyme (ENXTPA:ALSPW) signed a final agreement to acquire Distimp As per the terms of the agreement, the consideration shall be paid in cash and possibly additional payments due in 2022, 2023 and 2024 mainly based on average sales performance, gross margin and working capital. Fabrice Paccagnella will be integrated within Spineway. The transaction is subject to conditions precedent being met by Distimp and is expected to close by the end of June 2021.