CFT S.p.A (BIT:CFT) acquired Siapi Srl from Camerin Holding S.r.l. for €5.4 million on May 9, 2019. The consideration includes a maximum of €2.4 million earn-out payment depending upon the three year average EBITDA of at least €1.2 million. For financial year ended December 31, 2018, Siapi reported revenues of approximately €11 million and an adjusted EBITDA of €0.8 million. Alessandro de Botton, Giacomo Colombo and Elisa Malanchini of Lombardi Molinari Segni acted as legal advisors for CFT while Carlo Scarpa and Ivan Riga of Studio Legale Tonucci acted as legal advisors for Camerin Holding. CFT S.p.A (BIT:CFT) completed the acquisition of Siapi Srl from Camerin Holding S.r.l. on May 9, 2019.