EPSILON NET S.A. acquired a 88% stake in Professional Computer Services SA from SingularLogic S.A. and others for €2.2 million on November 10, 2021. EPSILON NET under the condition of the provision of the special permissions of law 4548/2018 will acquire a percentage of 25.25% from SINGULARLOGIC S.A. and also a percentage of 25.25% from EPSILON SINGULARLOGIC S.A. and in total from both above companies will acquire, a percentage of 50.50% of PCS. In addition, EPSILON NET completed the acquisition of 37.50% of PCS from NANOPHASE LIMITED. The total amount for the acquisition of 88% of PCS will rise to €2.23 million. It should be noted that Chief Executive Officer and Founder of the company, George Xenofos, will continue to perform his duties, maintaining 11.5% of PCS, while the remaining 0.5% belongs to other shareholders. For the period 30/9/2021 revenues amounted to €2.08 million increased by 22% compared to the same period last year and EBT for the nine months of 2021 rose to € 367 thousand.

Epsilon Net S.A. (ATSE:EPSIL) completed the acquisition of 88% stake in Professional Computer Services S.A. from SingularLogic S.A. and others on November 10, 2021.