Almawave S.p.A. (BIT:AIW) signing of a binding agreement to acquire Sistemi Territoriali - S.R.L. at an enterprise value of €3.8 million on February 23, 2022. The transaction will be financed entirely through the use of Almawave's own resources. The execution of the Transaction is subject to normal conditions for such transactions, including the authorisation from the President of Council of Ministers.

Almawave was supported in the legal aspect of the transaction by the Gianni, Origoni, Grippo, Cappelli & Partners. Sistemi Territoriali was assisted by the Studio Dreucci Srl acted as an accountant of SisTer in this transaction.