Finlogic S.p.A. (BIT:FNL) agreed to acquire Tecmark Srl and Multitec Srl from Admin Srl and others for €1.9 million on December 16, 2017. Finlogic S.p.A. will pay €0.95 million at completion, €0.85 million within 60 days of closing and remaining €0.12 million as earn-out payment after approval of the financial statements. Admin Srl will sell 97.31% stake in Tecmark and 100% stake in Admin Srl. For the year ended 2016, Tecmark Srl reported revenue of around €3.5 million and EBITDA of €0.45 million and Multitec Srl reported revenue of around €0.5 million. Integrae SIM S.p.A. acted as a financial advisor, Raffaele De Paola of Eunomia and Studio Fiscale e Tributario Gnudi e Associati acted as a legal advisors to Finlogic S.p.A. Edoardo Martano of Studio Edam acted as financial advisor to Admin Srl. Finlogic S.p.A. (BIT:FNL) completed the acquisition of Tecmark Srl and Multitec Srl from Admin Srl and others on January 24, 2018.