DigiTouch S.p.A. (BIT:DGT) signed a binding agreement to acquire Optimized Group Srl from Niklas Lindahl and others for €1.8 million in cash on June 29, 2016. Under the transaction, €1.075 million will be paid via cash while the remaining €0.275 million will be paid via the credit lines of the company after 24 months. An earn-out mechanism of up to €0.43 million in two years is added to the fixed component if Optimized Group reaches an EBITDA of 30% on the 2016 and 2017 turnover, fixed to €1.8 and €2.4 million. Digitouch discloses that the transaction is carried out on a multiple of 3.5 times the EBITDA for a company whose marginality is more than 20%. Optimized Group closed 2015 with approximately €1 million revenues and EBITDA of approximately €0.27 million. Shearman & Sterling LLP acted as legal advisor for DigiTouch S.p.A. DigiTouch S.p.A. (BIT:DGT) cancelled the acquisition of Optimized Group Srl from Niklas Lindahl and others June 29, 2017.