(Alliance News) - Casasold Spa announced Tuesday that it has finalized the acquisition of an additional 25 percent of its subsidiary Tweppy Srl from sellers Marco Bettin, Alessandro Rossetto, Ivan Gatti, Valentina Manfioletti and Daniele Pezzini.

Casasold took over the stake for EUR533,333.33, seeking to "further diversify its business, in order to obtain results less affected by the cyclicality of the real estate sector," as explainedot by the company.

Tweppy is a company active in the development and commercialization of a SaaS platform for the provision of services to optimize and control business processes of enterprises, with revenues as of December 31, 2022 of EUR1.2 million, Ebitda of EUR342,757, and Positive Net Financial Position of EUR328,520. To date, Tweppy has about 400 active customers.

Casasold's stock is unchanged at EUR0.89 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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