ITS Group (ENXTPA:ITS) acquired substantially all tangible and intangible assets of Overlap Groupe S.A. (ENXTPA:OVG) for €2.2 million on October 10, 2013. ITS Group will also participate in settlement of the benefit package for the non-retained employees with the amount of €0.17 million. The transaction will be financed by an open medium term credit line drawn in favor of ITS Group. The offer made by ITS Group was selected as the winning by the Nanterre commercial court. The transaction was approved by Commercial Court of Nanterre. Charles-Henri Carboni acted as judicial administrator in the transaction. Nathalie Rigal and Sabine Larmonier of Sygna Partners acted as legal advisors for ITS Group.

ITS Group (ENXTPA:ITS) completed the acquisition of substantially all tangible and intangible assets of Overlap Groupe S.A. (ENXTPA:OVG) on October 10, 2013.