Monotype GmbH agreed to acquire URW Type Foundry GmbH from Global Graphics PLC (ENXTBR:GLOG) for €7.5 million on May 18, 2020. Consideration of €7.5 million plus/minus an adjustment for retained cash and working capital at closing is payable in cash in installments. €5 million is payable at closing, €2 million is payable 12 months after closing and €0.5 million is payable 24 months after closing. Any adjustment in respect of the retained cash and working capital will be made after closing. During the year ended December 31, 2020, URW Type Foundry contributed €4.03 million in revenue and €0.77 million in net profit to the Global Graphics’ results. The transaction is subject to certain closing conditions. Ritesh Rajani, Malte Evers, Christian Triebe, Frank Tschesche, Patrick Wolff and Marius Bodenstedt of Graf von Westphalen Bappert & Modest acted as legal advisors to Global Graphics.