Assiteca S.p.A. (BIT:ASSI) signed a preliminary agreement to acquire Assidea & Delta Srl on March 19, 2018. The purchase price will be subject to an adjustment valid for a period of 3 years. In 2017, Assidea had revenues of approximately €2.5 million. Raffaele Catalano, Sole Director of Assidea, will be in charge of the Center-South Italy for public services. The transaction is subject to certain conditions precedent including the positive outcome of due diligence and is expected to close by June 30, 2018. As of June 30, 2018 due diligence activities are being completed and the transaction is in the contractual definition phase and is expected to be completed at the beginning of 2019.