Digital360 S.p.A. (BIT:DIG) signed a binding agreement to acquire 51% stake in Effettodomino S.r.l. on December 14, 2017. As reported, the purchase price for the acquisition has been defined as €0.23 million above the net financial position, which will be calculated at the precise closing date and will be paid in cash, in two tranches: a first tranche at closing of €0.25 million (inclusive of the net financial position) and the balance after 12 months, subject to the continued presence of the seller in Digital 360. Effettodomino reported revenues of €0.65 million and an EBITDA of €0.04 million in 2016. Digital 360 also has an option, which can be taken up in the year 2020, to acquire the remaining 49% in Effettodomino at a price that will be defined according to the revenues and EBITDA results of Effettodomino as at December 31, 2019. The agreement includes a lock-in commitment by Davide Marasco, the current Chief Executive Officer of Effettodomino, for a period of at least 3 years. Lukas Plattner and Eleonora Sofia Parrocchetti of NCTM Studio Legale Associato acted as legal advisors to Digital360.