GPI SpA (BIT:GPI) signed a framework agreement to acquire 60% stake in Hemasoft Software SL for €4.8 million on September 15, 2017. Part of the consideration will be paid on the closing date and part thereafter. The agreement includes an option to acquire the remaining 40% in 2020. Hemasoft’s current top management will continue to be shareholders. The acquisition will be financed both with own funds and with bank lending, which is currently being structured. Hemasoft’s current top management will maintain their operational role and assist in the industrial integration into GPI. In 2016 HEMASOFT realized consolidated revenue of approximately €3.2 million and an EBITDA margin in excess of 25%, with approximately 30 employees. Closing is expected to occur by the end of October 2017. Maria Antonietta Pireddu, Domenico Gentile and Antonio Buozz of IR TOP Consulting acted as public relations advisor and Giovanni Reale of Banca Akros and Marco Germano of UBI Banca acted as financial advisor to GPI.