Cy4Gate S.p.A. signed an agreement to acquire Aurora S.p.A. for €105 million on December 16, 2021. The consolidated revenue of the Aurora Group as at December 31, 2020 amounted to €40.3 million with an EBITDA of around €10 million. The transaction has been approved by the board of directors of Cy4gate.

The closing of the transaction is expected by the first quarter of 2022, subject to the fulfillment of certain usual conditions precedent for this type of transaction. Cy4Gate was assisted by Chiomenti law firm for to the legal aspects of the transaction, by Intermonte S.p.A. as financial advisor, by KPMG for financial and tax due diligence and by McKinsey for business due diligence. Aurora S.p.A partners were assisted by Advant NCTM law firm and by Equita K Finance S.r.l., italian partner of Clairfield International, acted as financial advisor.