Manuel Fernandez acquired Exklusiv-Hauben GUTMANN GmbH from Elica S.p.A. (BIT:ELC) for €2.5 million on August 28, 2017. Under the terms of transaction, the consideration of €2.5 million will be paid in five tranches at each year end from December 31, 2019 to December 31, 2023. Marco Fusco of Havas PR Milan acted as public relation advisor to Elica S.p.A. Manuel Fernandez completed the acquisition of Exklusiv-Hauben GUTMANN GmbH from Elica S.p.A. (BIT:ELC) on August 28, 2017.