GIMV NV (ENXTBR:GIMB) agreed to acquire an unknown majority stake in Variass Electronics B.V. on May 18, 2022. Variass Electronics reported revenues of €45 million. The transaction is subject to customary closing conditions, including approval from the competition authorities.

Ernst & Young Participaties B.V. acted as Due Diligence Provider to Gimv NV (ENXTBR:GIMB).