Prima Energia Srl acquired 90% stake in Smartutility Spa from Enertronica S.p.A. (BIT:ENT) for €3 million on January 4, 2018. Under the terms of the transaction, €0.4 million will be paid upon signing the contract and the remaining €2.6 million in six annual installments. In a related transaction, Enertronica S.p.A. acquired remaining 49% stake in Enertronica SA PTY Ltd. for €0.9 million. Prima Energia Srl completed the acquisition of 90% stake in Smartutility Spa from Enertronica S.p.A. (BIT:ENT) on January 4, 2018.