Claranova SE (ENXTPA:CLA) agreed to acquire an unklnown minority stake in Avanquest Software for ?99.9 million on August 11, 2021. The consideration included a purchase price adjustment of ?1.5 million based on Avanquest's cash position. On this basis, the total value of the division?s shares amounted to ?155.9 million. Claranova SE (ENXTPA:CLA) completed the acquisition of Avanquest Software on October 29, 2021. As of November 1, 2021, the transaction will enable Claranova to integrate 100% of the Avanquest?s net income and reaffirms Claranova?s strategic commitment to its software publishing business. Eric Gareau, until now CEO of Avanquest's proprietary software publishing activities has been appointed Chief Executive Officer of the entire division.