GPI SpA (BIT:GPI) signed an acquisition agreement to acquire Business Unit of Sigma Informatica SpA and 100% of EDP Sistemi S.r.l. and 33% stake in SIGMA CONSULTING S.T.P.R.L. for €13 million on June 22, 2017. The consideration of €13 million is subject to possible adjustments, but exclusively for reduction. GPI intends to pay for the acquisition with its own funds but does not exclude the use of credit lines. Sigma Informatica reported revenues of €8.6 million and adjusted EBITDA of €2.5 million in 2016. The completion of the acquisition is subject to the fulfillment of certain conditions precedent and is expected by July 2017.