Hybrid Software Group PLC (ENXTBR:GLOG) acquired Colorlogic Gmbh for €4.38 million on October 27, 2021. Post completion, Colorlogic became an operating subsidiary of Hybrid. The consideration is payable in instalments; €3.2 million was paid on closing and €1.2 million will be paid in 5 equal instalments on the anniversary of the closing date, starting in October 2022.

Hybrid Software Group PLC (ENXTBR:GLOG) completed the acquisition of Colorlogic Gmbh on October 27, 2021. Ritesh Rajani, Nicolas M. Dumont, Patrick Wolff, Marian Niestedt, Christian Kusulis, Michael Engel and Marius Bodenstedt of Graf von Westphalen Bappert & Modest acted as legal advisor to Hybrid Software Group PLC.